ICP Price Volatility Sees Range Between $4.77 and $4.94
Internet Computer Protocol (ICP) experienced significant price volatility in the last 24 hours, fluctuating between $4.77 and $4.94, with current stabilization around $4.8.
Key events include:
- Peak price reached $4.94 at midnight, coinciding with a trading volume surge exceeding 600,000 units.
- Price fell to $4.78 during the European morning due to selling pressure, establishing resistance between $4.93 and $4.94.
- Support confirmed at $4.77 following the decline.
- An uptrend channel formed with successive resistance breaks at $4.79, $4.8, and $4.82.
- A minor rally from $4.78 to $4.83 resulted in a 1% gain.
The broader crypto market reflected similar turbulence, with the CoinDesk 20 Index showing a volatile decline within a 3% range despite trading volumes exceeding 400,000 during critical periods.