ICP Stages V-Shaped Recovery, Climbs 3% on Heavy Volume

Internet Computer Protocol (ICP) rallied nearly 3% over the past 24 hours, reclaiming $5.13 in a V-shaped rebound that underscores renewed buying interest.

The token initially retreated overnight to support levels near $4.98, where elevated trading volume signaled strong accumulation. Following a dip from $5.07, ICP consolidated between $4.98 and $5.00, building a solid base with 372,179 units exchanged—well above average daily volumes. This accumulation phase marked a clear turning point for the token.

ICP gained momentum throughout the session, culminating in a decisive breakout. The price surged past multiple resistance levels to reach $5.13, aided by a 272,186-unit volume spike. Previous resistance at $5.11 was overcome, suggesting sellers were losing control of the short-term trend.

Market observers note that alternative assets like ICP are drawing renewed investor attention, and the token’s strong recovery and heavy accumulation may set the stage for further gains. Technical analysis points to a near-term target of $5.18 based on Fibonacci extension levels.

Technical Snapshot:

• Trading Range: $4.98–$5.13, a 3% corridor.
• Recovery Pattern: V-shaped rebound from $5.07 decline to $4.98–$5.00 support.
• Volume Support: 372,179 units at $4.98, above daily average.
• Resistance: Breached $5.11 during final surge.
• Breakout: Advanced to $5.13 on a 272,186-unit volume spike.
• Momentum: Strong buying interest signals potential continuation toward $5.18.

The session highlights ICP’s resilience and indicates growing market confidence in altcoins as investors seek alternative opportunities.