ICP Falls Sharply From $5.76 High Amid Renewed Bearish Pressure

ICP Falls Sharply From $5.76 High Amid Renewed Bearish Pressure

Internet Computer (ICP) experienced a sharp reversal after climbing to $5.76, with the token falling to $5.59 under renewed bearish pressure. The move capped a volatile 24-hour window in which prices swung between $5.28 and $5.76 - a range of 8.3%, according to CoinDesk's techincal analysis data model. Bulls briefly pushed prices to the upper end of the corridor before bears reasserted control, sending prices lower on rising volume.Heavy selling…

Internet Computer (ICP) Reverses Gains Amid Bearish Pressure, Development Activity Remains Strong

Internet Computer (ICP) faced a sharp pullback after briefly rallying to $5.76, dropping to $5.59 as selling pressure intensified. The tokens 24-hour trading range spanned $5.28 to $5.76, reflecting an 8.3% intraday swing, according to CoinDesk data. Earlier in the session, bulls drove prices from $5.28 to $5.72 on heavy volume, with 897,725 tokens exchangedwell above daily averages. However, the rally stalled at the $5.76 resistance level, trig…