“Internet Computer Defeners Key Support with Multi-Million Unit Volume Surges, Fueling A Breakout Toward $ 5.40 Resistance”, – WRITE: www.coindesk.com
The Token’s Price Action Unfolded Within A $ 0.26 Corridor Between $ 5.16 and $ 5.42, Representing A 4.94% Trading Spread, AS Traders Navigated Pronounted InTrady Analysis Data Model.
The MOST NOTEBLE MOVES CAME IN THE EARLY HOURS OF AUG. 8, WHEN VOLUME SURGED TO 3.13 Million Units at Midnight and Ten Doubmed To 6.93 Million at 01:00 UTC, Both Figures Well Beyond the 24-HOUR AVERAGE OF 876.000. These Inflows Consistently Met Bids in the $ 5.24- $ 5.27 Zone, Reinforcing A Support Base. On the Upside, Selers Contentrated AROUND $ 5.39– $ 5.42.
ICP SUBSEQUENTLY Advanced from $ 5.36 to $ 5.38, Nothing A 0.37% Push. This Climb Was Underpinned by Elevated Volumes Between 09:50 and 09:55 UTC, Ranging From 27,887 to 39.904 Units, More Than Triple The Hourly Baseline. The Rally ConfirMed $ 5.33- $ 5.34 as An Intrady Floor, with A Breakout Above $ 5.36 Resistance Hinting at the Potential for Further Gains.
Despite The Broader Market’s Mixed Sentiment, ICP’s Chart Structure Has Strengten. The Coin’s Ability to Hold Key Support Levels, Combined with Increasted Volume, Underscores Ongoing Institutional Participation and Growing Confidentnce in The Network’s Long-Teadmap. Upgrades and Integration with Bitcoin Functionality.
Technical Analysis Highlights
- 24-Hur Price Range: $ 5.16- $ 5.42 (4.94% SPREAD).
- Support Repeatedly ConfirMed AT $ 5.24– $ 5.27.
- Resistance Concentrated AT $ 5.39- $ 5.42.
- Midnight Volume Spike: 3.13m Units VS 876k Average.
- 1:00 AM VOLUME SPIKE: 6.93M UNITS.
- Breakout Above $ 5.36 Resistance with Volumes of 27,887-39,904 UNITS.
- NEW INTRADAY SUPPORT FORMED AT $ 5.33- $ 5.34.
- Strong Buying Interest Durying Consolidation Phases.
Disclaimer: Parts of this Article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Enseure Accucy and Adherence to Our Standards. For more information, See Coindesk’s Full Ai Policy.
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