The post ICP Price Surges to $5.59 as Internet Computer Shows Bullish Momentum Above Key Support appeared on BitcoinEthereumNews.com.

Rebeca Moen
Aug 11, 2025 11:05

Internet Computer (ICP) trades at $5.59, up 1.19% in 24h, with technical indicators signaling weak bullish momentum as the token holds above critical support levels.

Quick Take • ICP currently trading at $5.59 (+1.19% in 24h) • Internet Computer’s RSI at 54.92 indicates neutral momentum with room for upside • Strong volume spike on August 8th drove bullish breakout above $5.36 resistance What’s Driving Internet Computer Price Today? The ICP price has maintained its upward trajectory following the significant bullish momentum established on August 8th, when Internet Computer gained 2.29% with substantial volume support. Trading volumes spiked to 6.93 million units during that session, well above the typical 24-hour average, providing the foundation for the current price stability around $5.59. The recent price action demonstrates Internet Computer’s ability to recover from temporary setbacks. Earlier in the week, despite a 2.4% decline to $5.08, ICP showed remarkable resilience by rebounding 3.2% from intraday lows of $4.97. This recovery was accompanied by a 56% spike in trading volume, establishing new support at the $5.04 level. Current trading data from Binance spot market shows the ICP price maintaining a healthy 24-hour range between $5.52 and $5.75, with trading volume of $11,197,112 indicating sustained investor interest in Internet Computer. ICP Technical Analysis: Weak Bullish Signals Emerge Internet Computer technical analysis reveals a cautiously optimistic outlook with several key indicators supporting the current uptrend. The ICP RSI reading of 54.92 places Internet Computer in neutral territory, providing room for further upside movement without approaching overbought conditions. The MACD histogram shows a positive reading of 0.0315, indicating bullish momentum for Internet Computer, while the MACD line at 0.0230 sits above the signal line at -0.0085. This configuration suggests that the recent price…

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Filed under: News - @ August 12, 2025 5:25 am