ICP Stabilizes Around $4.8 After Heavy Volatility
Internet Computer rides the crypto rollercoaster—finds footing at $4.80 after wild swings.
Market Whiplash Subsides
Traders catch their breath as ICP steadies following a period of intense price action. No dramatic rallies, no panic sells—just a temporary calm in the storm.
Technical Resilience or Mere Pause?
Some call it stability; others call it the quiet before the next move. At $4.80, ICP's holding—but for how long? The charts aren't sentimental.
Another day, another dollar—or in this case, four dollars and eighty cents. Because what's crypto without a little volatility and a lot of hopium?
Technical Analysis
- ICP traded across a 17 cent range (3.4%) from $4.77 to $4.94.
- Midnight surge to $4.94 marked the session peak before a sharp reversal.
- Volume spikes above 600,000 units recorded between 14:00-16:00 UTC.
- Resistance established in the $4.93–$4.94 zone on heavy selling.
- Support confirmed at $4.77 after steep correction.
- Rally from $4.78 to $4.83 delivered a 1% gain.
- Buying volume surpassed 25,000 units at 08:10 UTC during the rally.
- Successive resistance breaks at $4.79, $4.8, and $4.82 formed an uptrend channel.
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