Assessing Internet Computer’s 10% rally: Can ICP clear $2.40?

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Internet Computer (ICP) surged more than 10% in 24 hours, becoming one of the market’s top gainers. The rally followed three retests of the $1.98 to $2.10 demand zone, with each test drawing buyers and strengthening the area’s importance. Trading volume nearly doubled to $84.36 million, suggesting stronger market participation. Long positions accounted for 67.88% of daily ICP exposure, indicating bullish sentiment but also increased liquidation risk during a sudden reversal. Key resistance stands at $2.40; a daily close above that level could push the price toward the liquidity zone between $2.60 and $2.70.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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