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Internet Computer (ICP) Surges Past $7.00 With 34% Rally on Massive Volume

Internet Computer (ICP) has achieved a significant milestone, surging 34% to $7.02, marking a pronounced bullish breakout above the key $7.00 resistance level. This surge comes amid a notable increase in trading volume, which reached 19.57 million tokens, significantly above the 30-day average. The breakout is seen as a critical shift in trend, transforming prior resistance into a newly established support zone. Throughout the day, ICP’s price saw a rapid increase from $5.26, peaking at $7.20, especially pronounced during a three-hour window when prices surged from $6.40 to $7.18. Analysts suggest that if the support zone between $6.95 and $7.00 holds, ICP could potentially target a fluctuation range of $7.25 to $7.40 in the near term.

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