Internet Computer (ICP) Price Slips, Consolidating Above Key $5.79 Support Zone
CoinDesk
Internet Computer (ICP) eased 0.65% to $6.30 while consolidating above critical support after a recent rally, with volume spiking near resistance.Summary
Internet Computer (ICP) experienced a slight decline of 0.65% to $6.30, entering a controlled consolidation phase following a significant 235% rally the previous week. Trading volume increased by 18% over the 30-day average, spiking by 77% around 09:00 GMT as the price tested the $6.67 resistance level. This price action suggests a measured digestion of recent gains, with sustained volume indicating profit-taking rather than renewed selling pressure. Technically, maintaining the $6.35 level is crucial; failure to hold it could lead to a retest of the $5.79 support, whereas a decisive move above $6.67 might propel the price toward $7.00.
(Source：CoinDesk)