$ICP Breaking Out After Turbulence?

As of July 31, 2025, ICP is trading at approximately $5.33, with a daily fluctuation between $5.21 and $5.58

📉 Currently:

• After a drop of ~4.8% to $5.39 on July 30, when support at $5.55 was broken by sales, the token found support around $5.21.

• Regulatory uncertainty in the US and EU further pressures demand and limits ICP's growth

🧪 Growth Factors:

• On July 31, ICP rose by 5% to $5.57, supported by the release of Internet Computer 2.0: launching AI tools for creating no-code Web3 applications and burning 1 million ICP tokens, which addresses supply shortages and attracts institutional players

💹 Technical Levels:

• Support: around $5.20–5.38 — critical zones for maintaining structure.

• Resistance: $5.55–6.50 — breaking above may become a powerful growth catalyst. Specifically, closing above $6.50 opens the way even to $15 in a triangular breakout scenario

🔍 Conclusion:

If DFINITY continues to burn tokens and develop the ecosystem, and if the market stabilizes, ICP may see sustainable growth towards $6+ or even $7–8+ over the coming months.