Traders aggressively accumulated over 503 million ICP tokens in two weeks as Internet Computer traded around $2.17 at the apex of a two-month triangle consolidation pattern with horizontal support at $2.12 and slanting resistance from $2.50 to $2.20. A bullish breakout above resistance could target $2.50 or higher, supported by the Bull Bear Power indicator turning bullish. However, on-chain activity shows a bearish divergence with daily transactions plummeting 62% from 9,612 to 3,680. Despite this decline, ICP remains the top blockchain by monthly transaction count with 9.40 billion transactions, while trading volume dropped from 2.869 million ICP to 362.7K ICP, reinforcing low network activity.
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