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

Internet Computer (ICP) experienced a significant surge, rising 34% to reach $7.02 in a breakout that confirms bullish momentum. The token's price climbed from $5.26 to a high of $7.20 in one of its strongest daily performances lately, backed by a remarkable trading volume of 19.57 million tokens—288% higher than the 30-day average. This breakout above the $7.00 resistance represents a psychological and technical milestone, potentially transforming it into a new support zone. Notably, the most significant price acceleration occurred between 14:00 and 17:30 GMT, marking a 12% rise supported by increasing volume. Analysts suggest that while a short-term consolidation around $6.95-$7.00 may be expected, the overall technical outlook remains positive, with targets towards the $7.25-$7.40 range looking achievable if the new support holds in subsequent sessions.

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