Internet Computer Protocol (ICP) saw a volatile 24 hours, before succumbing to selling pressure.

The 5% swing unfolded within a $0.28 trading corridor, reflecting both strong buying interest and swift profit-taking, according to CoinDesk Research's technical analysis data model.

Early momentum carried ICP through multiple resistance points, with the rally peaking at $6.08 around 03:00 UTC on August 14. Elevated volume at these highs confirmed institutional selling activity, establishing a clear resistance zone between $6.06 and $6.08. On the downside, support developed in the $5.87–$5.90 range, where buyers consistently stepped in to absorb supply.

ICP’s volatility subsequently compressed sharply. The token traded in a narrow $0.04 band between $5.88 and $5.92 from 09:25 to 10:24 UTC, indicating a consolidation phase as traders reassessed positions.

Market sentiment had been , which suspended trading after losing 58.2 BTC in a suspected exploit. The breach, which triggered a 40% collapse in ODINDOG’s value, , particularly its “Sign-In With Bitcoin” authentication system.

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