Latest news with #InternetComputer
Yahoo
19 hours ago
- Business
- Yahoo
ICP Falls 2.4% Despite Bullish Reversal From Sub-$5 Levels
Internet Computer's native token (ICP) shed 2.4% over the last 24 hours, retreating from $5.21 to $5.08, even as it showed intraday strength. After hitting a low of $4.97, the token rebounded as much as 3.2% to reach a local high of $5.13 before consolidating around $5.06–$5.08, according to CoinDesk Research's technical analysis data model. The session's 3.52% swing highlighted both bearish pressure and renewed interest from buyers near key support levels. The strongest recovery occurred during the 05:00 UTC window, when volume surged to 524,622 tokens, 56% above the 24-hour average of 337,329. This influx of activity marked a turning point as bulls stepped in between $4.97 and $5.00, with bears pushing back at the $5.09-$5.13 resistance cluster. ICP advanced from $5.02 to $5.06, gaining 0.80% on increased volume, during the U.S. morning, with a climb above $5.04 suggesting ongoing momentum. Technical Analysis Net 24-Hour Movement: -2.4% from $5.21 to $5.08 Intraday Recovery: +3.2% from $4.97 to $5.13 Key Support: $4.97–$5.00 saw repeated buying Resistance Zone: $5.09–$5.13 capped rally attempts Volume Surge: 524,622 units at 05:00 UTC, 56% above average Breakout: Cleared $5.03–$5.04 resistance New Floor: $5.04 forms as latest support level Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-07-2025
- Business
- Yahoo
ICP Falls Sharply From $5.76 High Amid Renewed Bearish Pressure
Internet Computer (ICP) experienced a sharp reversal after climbing to $5.76, with the token falling to $5.59 under renewed bearish pressure. The move capped a volatile 24-hour window in which prices swung between $5.28 and $5.76 - a range of 8.3%, according to CoinDesk's techincal analysis data model. Bulls briefly pushed prices to the upper end of the corridor before bears reasserted control, sending prices lower on rising volume. Heavy selling emerged after the price touched $5.76, with a 42-minute slide to $5.66 forming a notable rejection. Volume surged earlier in the day, with a key upward move from $5.28 to $5.72 driven by 897,725 tokens traded - well above the daily average. Despite the rally, momentum faded quickly once resistance was retested. While the price action showed clear technical rejection near upper bounds, Internet Computer remains fundamentally strong. ICP leads all blockchains in GitHub development activity, surpassing Chainlink and Filecoin, Santiment said in its latest monthly ranking. ICP's development lead underscores persistent ecosystem growth and team commitment, even as market participants appear hesitant to chase recent price highs. Analysts point to the confluence of technical resistance and a cautious broader market as drivers of the retreat. Technical Analysis Price Range: Swung between $5.28 and $5.76, an 8.3% intraday spread. Resistance: $5.76 capped upside momentum with visible rejection. Support: Strong support confirmed at $5.28 amid early accumulation. Volume Spike: 897,725 tokens traded during rebound from intraday low. Sell-Off Window: Declined from $5.76 to $5.66 between 15:08–15:50 UTC. Near-Term Support: $5.66 emerged as a floor following bearish move. Trading Activity: Final minutes saw trading volume fade, signaling pause. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-07-2025
- Business
- Yahoo
Internet Computer Slides Amid Broader Altcoin Pullback
Internet Computer (ICP) dropped 4.85% to $5.9149 on Tuesday, posting a low of $5.81 after peaking at $6.25 the previous day. Despite bullish headlines - a new partnership between Internet Computer developers DFINITY Foundation and indexing firm Maestro - the token succumbed to broad market rotation out of altcoins, including AI- and DeFi-linked assets. Read more: Solana Defies Market Drop, Touches $200 as Altcoins Retreat: Crypto Daybook Americas Maestro's infrastructure, funded by DFINITY, aims to build a Bitcoin metaprotocol index on the Internet Computer, enabling institutional-grade access to Ordinals and Runes, two of the most prominent primitives in the Bitcoin DeFi ecosystem. However, technical action reflected a more pessimistic short-term outlook. After opening at $6.2230, ICP steadily declined, breaking below $6.00 around 01:00 UTC and accelerating losses toward $5.83 support. Volume swelled above 1.3 million tokens during this segment, signaling large selling pressure, according to CoinDesk's technical analysis data model. ICP fell 2% from $5.97 to $5.87 during the U.S. morning, with concentrated sell pressure visible as the price pierced multiple support zones. Despite a brief rebound attempt near $6.02, the token failed to reclaim bullish footing, suggesting short-term momentum remains with the bears unless the $6.00 resistance is convincingly reclaimed, the data showed. Technical Analysis Highlights Price Range: $5.8105–$6.2488, representing 7.3% intraday spread. Volume: 1.94 million tokens traded; highest during breakdown below $5.90. Resistance: Strong rejection at $6.00–$6.02 range with no sustained breakout. Support: Critical base formed at $5.83–$5.87 amid heavy buying interest. From 13:09 to 14:08 UTC, ICP fell 2%, driven by sharp volume spikes exceeding 50K tokens/minute. Volatility: Full-day spread of $0.4383 reflects heightened intraday instability. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
16-07-2025
- Business
- Yahoo
ICP Climbs With Broader Crypto Rally, Holds Gains Above $5.50
Internet Computer (ICP) moved higher in tandem with a broad-based crypto market surge, climbing 1.89% $5.5354 after peaking at around $5.65 early on Wednesday. As capital rotated into altcoins following gains in bitcoin and ether, ICP followed suit with a 7% upswing, driven by early bullish momentum and strong support at the lower end of its range. The 24-hour window spanning July 15 at 15:00 UTC to July 16 at 14:00 UTC saw ICP fluctuate within a $0.39 range. Volume during this rally exceeded 964,000 units, indicating robust participation from both large and small buyers as the altcoin sector gained steam. After peaking, ICP transitioned into a sideways consolidation phase between $5.50 and $5.58. Two failed attempts to break above the $5.64–$5.66 resistance zone confirmed short-term exhaustion, according to CoinDesk Research's technical analysis data model. The token remained well bid near $5.52, where fresh demand consistently consolidation reflects similar dynamics seen across Layer 1 tokens, which are seeing profit-taking after multi-session gains but maintaining higher support zones. ICP's ability to hold steady in a tightening range mirrors the broader market's pause after a strong leg up. If bullish sentiment across the crypto market continues, ICP may challenge the $5.60–$5.66 resistance band again, supported by steady inflows and its strong positioning in the decentralized computing narrative. Technical Analysis Highlights ICP climbed 7% from $5.28 to $5.66 before consolidating in a $0.39 range. Early rally supported by 964K+ volume, matching broader altcoin strength. Resistance firmed at $5.64–$5.66 with two rejection attempts. Price stabilized in a $5.50–$5.58 channel for much of the session. Support formed around $5.52; buyers consistently defended this level. ICP rebounded from $5.50 to $5.53 in the final hour on 19.8K+ volume. Market structure remains bullish above $5.50 amid macro crypto strength. Current price: $5.5354, up 1.89% on the day. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-07-2025
- Business
- Yahoo
ICP Slides 3% But Caffeine Launch Sparks Rebound
Internet Computer (ICP) saw a volatile 24-hour stretch marked by early selling and a sharp rebound After falling to $5.27, the token recovered into the close to settle at $5.4324 - trimming losses after a 3.47% daily decline. The turnaround came amid renewed optimism driven by the official launch of Caffeine, a next-generation AI-powered Web3 platform built on ICP. Unveiled on July 15, 2025, at the 'Hello, Self-Writing Internet' event in San Francisco, Caffeine empowers users to build decentralized apps using natural language — no code required. The platform's debut marks a significant milestone in Internet Computer's strategy to merge on-chain AI with seamless dapp creation, helping to ignite buying interest late in the day. Overnight, bears pushed ICP from $5.39 to $5.20 on volume exceeding 850,000 contracts at 03:00 UTC, according to CoinDesk Research's analysis. However, the landscape shifted after 14:30 UTC on Tuesday. ICP dropped to $5.27 but then reversed higher on a series of institutional-sized volume spikes. This flurry of activity lifted the token back to $5.34, narrowing the day's losses and reinforcing buyer presence around the $5.27-$5.28 support band. Fundamental progress further bolstered sentiment. The DFINITY Foundation has burned over 1 million tokens to tighten supply, while its new vetKeys privacy protocol addresses critical concerns in blockchain data security. With AI now live on-chain via Caffeine and technical buyers stepping in near key support, ICP appears poised to test resistance at $5.40 once again, backed by ecosystem momentum and strategic upgrades. ICP fell 3.47% in 24 hours, with a $0.30 intraday spread from $5.50 to $5.2115. Caffeine's launch introduced AI-powered dapp creation, driving bullish sentiment. Bears pushed price lower early; $5.20 support held firm on heavy overnight volume. A rebound lifted ICP from $5.27 to $5.34 after a wave of accumulation. Notable volume surges: 14:52 (41,106), 15:03 (44,658), 15:29 (17,658). Resistance remains at $5.40–$5.42, where rallies repeatedly paused. Support re-established at $5.20–$5.28 following recovery. Current price: $5.4324, holding above intraday lows and showing upward bias. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
