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By Jamie Crawley, CD Analytics|Edited by Aoyon Ashraf
Jul 10, 2025, 2:58 p.m.
- ICP gained 4.3%, rising from $4.96 to $5.16 with a peak at $5.19, supported by strong volume.
- A major breakout occurred at 19:00 UTC with volume hitting 886,937 units – more than 2x the daily average.
- ICP leads AI-integrated blockchain development with 431.3 daily GitHub events, reinforcing long-term upside potential.
Internet Computer
posted a strong 4.3% gain in the 24-hour trading period into Thursday,climbing from $4.96 to $5.16, with a high of $5.19. The price action was fueled by significant trading activity and accelerating developer momentum, positioning ICP as one of the top-performing infrastructure tokens of the session.
The breakout took shape between 18:00 and 21:00 UTC on July 9, when ICP surged from $4.95 to $5.19. Volume peaked at 886,937 units at 19:00, far exceeding the 24-hour average of 388,671 units, according to CoinDesk Research’s technical analysis model. This strong inflow of buying interest established a new resistance band around $5.22, which traders are now watching closely for potential continuation, the model showed.
STORY CONTINUES BELOW
Support levels held firm at $4.90–$4.93, with secondary support forming between $5.11 and $5.14. Price consolidation above $5.15 reflects strong structural integrity and reinforces the likelihood of another attempt at resistance in the near term.
Beyond price action, ICP recorded 431.3 daily GitHub events in the month of June, according to data by Santiment, exceeding the likes of NEAR and Filecoin by some distance and suggesting sustained development engagement.
- Price range: $4.96-$5.19, a 4.3% gain with a $0.28 swing.
- Volume spike: 886,937 units traded at 19:00 UTC, more than double the daily average.
- Support levels: $4.90–$4.93 (primary), $5.11-$5.14 (secondary).
- Resistance zone: $5.18-$5.22 marks the next breakout challenge.
- Developer strength: ICP leads with 431.3 daily GitHub events, reflecting continuous ecosystem growth.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Jamie has been part of CoinDesk’s news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
