ICP Price Rises 2.29% Amid Increased Trading Volume
Internet Computer Protocol (ICP) Update
ICP's price increased by 2.29%, moving from $5.25 to $5.37 within a 24-hour period.
- Price range: $5.16-$5.42 with a 4.94% trading spread.
- Volume surged to 3.13 million units at midnight and doubled to 6.93 million at 01:00 UTC, exceeding the average of 876,000.
- Support established at $5.24-$5.27; resistance found at $5.39-$5.42.
- Breakout above $5.36 occurred with volumes between 27,887 and 39,904 units.
- New intraday support formed at $5.33-$5.34.
- Increased institutional participation noted despite broader market mixed sentiment.
ICP's upward trajectory is supported by recent performance upgrades and integration with Bitcoin functionality.