ICP Pushes Toward $5.50 After Heavy Volatility and Volume Breakouts

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showed signs of resistance in a turbulent 24 -hour window, Climbing up to $ 5.6781 before consolidation just below $ 5.50. Despite the sale of the late meeting, the token remains ready for potential recovery in persistent volatility.

Starting with July at 17:00 UTC, ICP launched a stable ascent and reached its maximum meeting of $ 5.6781 at the beginning of July 14. These assemblies were supported by a significant increase in volume, and during its most aggressive legs ascendingly ascending increased 800,000 units. The bulls briefly tested resistance over $ 5.67, a level that historically reduced the momentum.

However, intense sales pressure, shortly after the peak, however, the prices of the mines are directed. During an hour ending at 16:05 UTC 14th. The volume tip of almost 50,000 units during the interval of 15: 48-15: 49 UTC further confirmed the increased bear activity.

Despite the Pullback, ICP found close stability in a lower trading channel between $ 5.44 and $ 5.46.

Emphasizing technical analysis

• ICP traded in the range of $ 0.28 from $ 5.40 (low) to $ 5,68 (high)Marking 5% Intraday range.
• The price increased from $ 5.47 to $ 5.68 between 02: 00–05: 00 UTC 14 July, at 800k+ volume.
• Resistance has stiffened nearly $ 5,67-5,68, restricted bull attempts to continue.
• The final hour drop from 5.50 to $ 5.45 showed a fast 1% retreat from 15: 06–16: 05 UTC.
• Key support for $ 5.48 was broken on a large volume, the Bearish signaling potential continued.
• Between 15: 48–15: 49 UTC there was a remarkable sale with a traded nearly 50,000 units.
• The consolidation range between 14 July at 16:35 UTC was formed between $ 5,44 – 5.46.

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