“ICP Posts 5% Swing Before Consolidating, After Security Concerns Gripped The Ecosystom.”, – WRITE: www.coindesk.com
The 5% Swing Unfolded WitHin A $ 0.28 Trading Corridor, Reflection Both Strong Buying Interest and Swift Profit-Taking, Accounting To Condesk Research’s Technical Analysis Data.
Early Momentum Carred ICP Through Multiple Resistance Points, with The Rally Peaking at $ 6.08 AROUND 03:00 UTC on August 14. Elevated Volume at Teseling Clear Resistance Zone Between $ 6.06 and $ 6.08. On the Downside, Support Developed in the $ 5.87– $ 5.90 Range, WHERE BUYERS CONSISTENTIVY STEPPED IN TO ABORB SUPPLY.
ICP’s volatility subsequently compressed Sharply. The Token Traded in A Narrow $ 0.04 Between $ 5.88 and $ 5.92 from 09:25 to 10:24 UTC, Indicating A Consolidation Pase As Traders Reassessed Positions.
Market Sentiment Had Been Shaken by A High-Profile Security Incident at Bitcoin-Based Mencoin Platform Odin.Fun, WHICH SUSPENDED TRADING AFTER LOSING 58.2 The Breach, Which Trigger A 40% Collapse in Odindog’s Value, Scrutiny Over Internet Computer’s Security Framework, Particularly ITS “Sign-in with Bitcoin” Authentication System.
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Despite The Price Decline, Whale Accuumulation of Pepe Continued, with The Top Addresses on Ethereum IncreASING THEIR HOLDINGS BY 1.5% in the Last 30 days.
- PEPE (PEPE) FELL 4% IN THE PAST 24 HOURS, UNDERPORFORMING The Wider Market As Trading Activity in the Meme Token Sector Cooled.
- Despite the Price Decline, Whale Accuumulation of Pepe Continued, with The Top 100 Pepe Addresses on Ethereum Increasing their Holdings by 1.5% in the Last 30 days.
- Technical Analysis Suggests That Pepe Is Facing Distribution Pressure from Selers, and Unless It Can Reclaim and Hold Above the $ 0.000012 Resistance Zone, IT Maya Rtest Lower Support Support.
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