Internet Computer Protocol (ICP) demonstrated resilience during the last 24 hours, staging a rally that lifted the token nearly 3% to $5.13.
The move capped a V-shaped recovery that began with an overnight retreat to support levels around $4.98, where a high volume of buying activity took hold, according to CoinDesk Research's technical analysis data model.
After dipping from $5.07, ICP consolidated within the $4.98-$5.00 zone, establishing a base reinforced by trading volume of 372,179 units, substantially above average levels. This accumulation phase marked the turning point, as buying pressure mounted through the early session.
Momentum built steadily before culminating in a decisive breakout late in the period. ICP rose through multiple resistance barriers to touch $5.13, with the f