Internet Computer (ICP) posted a strong 4.3% gain in the 24-hour trading period into Thursday, climbing from $4.96 to $5.16, with a high of $5.19. The price action was fueled by significant trading activity and accelerating developer momentum, positioning ICP as one of the top-performing infrastructure tokens of the session.
The breakout took shape between 18:00 and 21:00 UTC on July 9, when ICP surged from $4.95 to $5.19. Volume peaked at 886,937 units at 19:00, far exceeding the 24-hour average of 388,671 units, according to CoinDesk Research’s technical analysis model. This strong inflow of buying interest established a new resistance band around $5.22, which traders are now watching closely for potential continuation, the model showed.
Support levels held firm at $4.90–$4.93, with secondary support forming between $5.11 and $5.14. Price consolidation above $5.15 reflects strong structural integrity and reinforces the likelihood of another attempt at resistance in the near term.
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