ICP Pushes Higher as Strong Volume Secures Bullish Momentum ๐
Internet Computer (ICP) continues to show strength as it defends key support zones and attracts significant trading volume, pushing toward major resistance near $5.40.
๐ What to Know:
24-Hour Price Gain: ICP rose 2.29%, moving from $5.25 to $5.37.
Trading Range: Price moved within a $0.26 spread ($5.16 โ $5.42), showing notable intraday volatility of 4.94%.
Volume Spikes:
Midnight surge to 3.13M units (vs. 876K average).
1:00 AM spike hit 6.93M units.
Breakout Levels:
Cleared resistance at $5.36 with 27Kโ39K units traded.
Challenged $5.39โ$5.42 resistance.
๐งฑ Support & Resistance Zones:
Confirmed Support: $5.24 โ $5.27 range held firmly through multiple tests.
New Support: Formed at $5.33 โ $5.34 after breakout.
Resistance to Watch: $5.39 โ $5.42 remains key for further upside.
If volume remains elevated and price holds above $5.34, ICP could see a clear breakout above $5.42, potentially opening the door to test higher resistance levels around $5.50 and beyond.