ICP Surges 7.9% to $7.77, Continuing Breakout Rally
- ICP climbed by 7.88% to reach $7.77, outperforming the broader crypto market.
- Trading volume for ICP was 20.11 million tokens, which is 261% higher than the monthly average.
- The token hit a session high of $8.76 before consolidating as traders took profits.
- Analysts are monitoring the resistance level at $8.00, with support seen between $7.40 and $7.50.
- The overall structure of ICP shows consistent formation of higher lows, indicating bullish momentum.
The significant increase in trading volume highlights growing interest in ICP as it breaks through key resistance levels, suggesting strong market engagement from both traders and institutions.
With sustained trading above $8, ICP may target further gains towards $8.50-$8.90, reinforcing its upward trend.(Source)
