ICP’s $6.35 Level Key to Pushing Toward $8.00
- Internet Computer ($ICP) surged 150% amid record $237.92M open interest and 261% trading volume spikes, driven by institutional interest and bullish technical indicators. - Price tested $6.66 resistance (failed) but held above critical $5.79 support, with analysts projecting potential moves toward $9.12 if momentum sustains. - Volatility persists as thin trading volumes and zero-trade intervals highlight fragility, with $8.00 resistance and $6.35 support key for trend continuation. - Growing Energy-as-a-
Internet Computer ($ICP) has experienced a remarkable rally of over 150% in the past few weeks, driven by a notable increase in both open interest and trading activity. This has led to speculation about whether the current upward trend can persist at these price points.
The token’s recent movement has featured a decisive breakout from a prolonged consolidation phase. On November 7, ICP
One of the main drivers behind the rally is the token’s ability to remain above crucial support levels. On November 12, ICP
Despite the prevailing optimism, there are still hurdles to overcome. The recent consolidation has exposed some vulnerability in the rally, as
Wider market trends are also influencing the token.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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