ICP Climbs 3% Driven by Increased Activity in the Altcoin Market

ICP Rebounds 3% in V-Shaped Recovery on Strong Buying Volume

Internet Computer Protocol (ICP) staged a sharp V-shaped rebound over the past 24 hours, climbing nearly 3% to $5.13, highlighting renewed investor interest in the altcoin.

The token initially dipped to support near $4.98, where heavy buying activity indicated strong accumulation. After consolidating in the $4.98–$5.00 range with 372,179 units traded—well above average—ICP gained momentum, ultimately breaking past resistance at $5.11. A final surge accompanied by a 272,186-unit volume spike propelled the token to $5.13, signaling a shift in control toward buyers.

Market observers note that ICP’s rebound reflects growing attention to altcoins, with technical indicators pointing to a potential next target near $5.18.

Technical Snapshot:

• Trading Range: $4.98–$5.13 (3% intraday swing)
• Volume Support: 372,179 units at $4.98
• Resistance: Broken at $5.11 during final surge
• Breakout Volume: 272,186 units
• Momentum: Strong buying interest may drive ICP toward $5.18

ICP’s performance underscores altcoins’ resilience and highlights the impact of accumulation at key support levels in driving short-term gains.