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. Following , members of Internet Computer's developer community , a service allowing users to authenticate to dApps on Internet Computer using their Bitcoin wallet.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to . For more information, see .

UPDATE (Aug. 14, 14:25 UTC): Amends final paragraph to make it clearer concerns were related to Internet Computer-related SIWP and not about Internet Computer itself. Removes references to security breach from headline and amends subhead and "What to Know" bullet.