ICP, the native token of Internet Computer Protocol, has been enhanced with a strong technical structure and a blend of major basic upgrades, up 5% in the last 24 hours at $5.57.
The token traded within a $0.36 bandwidth and found aggressive support of nearly $5.21 at UTC at 19:00 on July 30th. According to Coindesk’s technical analytics data model, the volume is more than triple the 24-hour average of 1.43 million tokens, 476,829 units.
Upward momentum continued as prices steadily rose from consecutive highs to form solid bullish channels before resistance began capping around $5.58.
Dfinity’s recent launch of Internet Computer 2.0 includes tools that allow anyone to build applications using natural language prompts, opening Web3 development to non-technical users and helping to further distinguish ICPs in the crowded Layer-1 ecosystem.
Dfinity burned over 1 million ICP tokens in just five months, reducing its long-term commitment to overall supply and value optimization. The twin stories of AI-enhanced utilities and token deflation appear to gain traction among institutions seeking exposure to infrastructure-oriented crypto assets.
Technical Analysis
$5.21 was confirmed as primary support with a 1.53m token traded in a recovery surge at 7:00. Marked session top and temporary barriers to continuation of $5.58. Increased level.
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