ICP Soars Past $5.50 as Crypto Market Roars Back to Life
Internet Computer defies gravity—holding firm above key psychological level while altcoins rally.
The Web3 Warrior Stands Tall
ICP isn't just riding the bullish wave—it's leading the charge with a 24-hour surge that left traditional finance pundits scrambling to update their 'tulip mania' PowerPoints.
Price Anchors Matter
That $5.50 floor isn't just technical support—it's a battleground where paper hands get wrecked and diamond hands stack SATs. Meanwhile, hedge funds still think 'blockchain' is a type of Scandinavian furniture.
This isn't just a pump. It's a declaration—the decentralized future won't wait for Wall Street to finish its three-martini lunch.
Technical Analysis Highlights
- ICP climbed 7% from $5.28 to $5.66 before consolidating in a $0.39 range.
- Early rally supported by 964K+ volume, matching broader altcoin strength.
- Resistance firmed at $5.64–$5.66 with two rejection attempts.
- Price stabilized in a $5.50–$5.58 channel for much of the session.
- Support formed around $5.52; buyers consistently defended this level.
- ICP rebounded from $5.50 to $5.53 in the final hour on 19.8K+ volume.
- Market structure remains bullish above $5.50 amid macro crypto strength.
- Current price: $5.5354, up 1.89% on the day.
Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
