ICP Trades in $0.22 Range with Key Support at $4.83
Internet Computer Protocol (ICP) experienced a volatile session with a price range of $0.22, bouncing between support at $4.83 and resistance at $5.05. Key points include:
- Support confirmed at $4.83 with a trading volume of 348,793 units.
- Rally peaked at $5.05 before selling pressure caused a drop to $4.93.
- Volume spiked over 170,000 units during rapid price movements, indicating possible liquidations.
- New support established at $4.93, while resistance remains at $5.05.
- Recent developments include the achievement of the Ignition milestone, enabling AI-powered decentralized applications on the ICP blockchain.
At writing, ICP trades just below $4.90, reflecting a 3% decline from its intraday high.