Internet Computer Protocol (ICP) endured a volatile 24 hours of trading, swinging between $5.29 and $5.63, a 5% intraday range that highlighted both selling pressure and opportunistic accumulation, CoinDesk Research's technical analysis data model shows.

The token , where market data shows notable spikes in volume, a pattern often associated with institutional entry points.

After bottoming out, ICP staged a decisive reversal beginning around 12:00 UTC, when trading volume surged to 976,480 units, nearly double the daily average. This push propelled prices from $5.37 to $5.52, reclaiming technical ground lost earlier in the session.

Still, resistance near $5.63 capped upside momentum. ICP briefly dipped back to $5.43 early in the U.S. morning as sellers re-emerged, breaking minor support at $5.48 before buyers managed to hold the $5.44 area.

Technical Analysis

• Range: $5.29–$5.63 over the 23-hour period, a 5% spread.
• Support Zone: $5.32–$5.35 showed repeated buying interest.
• Resistance: $5.63 capped upside attempts.
• Volume Spike: 976,480 units traded at 12:00 UTC, nearly double the daily average.
• Breakdown Point: Loss of $5.48 support triggered a brief late-session dip.
• Recovery Phase: $5.37 to $5.52 surge on high volume marked institutional buying.
• Late Selling: Dip from $5.45 to $5.43 as resistance held.

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