{"id":35987,"date":"2025-07-09T15:02:22","date_gmt":"2025-07-09T15:02:22","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35987"},"modified":"2025-07-09T15:02:22","modified_gmt":"2025-07-09T15:02:22","slug":"icp-approaches-5-as-breakout-volume-and-defi-btc-flows-signal-strength","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35987","title":{"rendered":"ICP Approaches $5 as Breakout Volume and DeFi BTC Flows Signal Strength"},"content":{"rendered":"<div>\n<p>Internet Computer (ICP) advanced 2.98% over the past 24 hours to trade at $4.9487, <a href=\"https:\/\/www.coindesk.com\/price\/internet-computer\">breaking past the critical $4.90 resistance<\/a> and forming a base for further upside toward the key psychological $5.00 level. <\/p>\n<p>The rally reflects not only strong technical momentum but also growing traction in the protocol\u2019s ecosystem &#8211; particularly in Bitcoin-integrated DeFi.<\/p>\n<p>The total supply of <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/09\/18\/icp-based-bitcoin-token-ckbtc-will-bridge-to-cosmos-through-osmosis\">ckBTC (Chain-Key Bitcoin)<\/a> on ICP has increased from 254 to 349 tokens since June 9, a 37% rise in under a month, <a href=\"https:\/\/x.com\/Markus_B30\/status\/1942617415314993393\">a post on X highlighted<\/a>. This marks an uptick in Bitcoin inflows into ICP\u2019s DeFi infrastructure, which offers secures fast interoperability.<\/p>\n<p>On the price action side, ICP traded within a $0.21 range between $4.73 and $4.93, with a clear upward bias. Momentum intensified with volume bursts and higher-lows structure. The surge from $4.90 to $4.93 during the 10:41\u201311:40 UTC window was powered by institutional-style accumulation, peaking at 59,999 units at 11:29 UTC, well above the daily average.<\/p>\n<p>ICP had held support at $4.73, and a successful retest of $4.90 at 10:52 UTC confirmed it as a new support floor. With structural strength in place, growing ecosystem usage, and DeFi-driven demand from ckBTC, ICP appears well-positioned to challenge the next upside milestone.<\/p>\n<h3>Technical Analysis Highlights<\/h3>\n<ul>\n<li>ICP gained 3% over 24 hours, trading between $4.73 and $4.93.<\/li>\n<li>Support held firm at $4.73, forming the base for the rally.<\/li>\n<li>Breakout above $4.90 was confirmed at 10:59 UTC with strong follow-through.<\/li>\n<li>Volume surges at 11:23 (33,830 units), 11:28 (27,673 units), and 11:29 (59,999 units) indicate accumulation.<\/li>\n<li>A pullback to $4.90 at 10:52 UTC was successfully defended before fresh highs.<\/li>\n<li>Ecosystem usage grows as ckBTC supply on ICP rises 37% since June 9, per X.<\/li>\n<\/ul>\n<p><strong><em>Disclaimer:<\/em><\/strong>\u00a0<em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Internet Computer (ICP) advanced 2.98% over the past 24 hours to trade at $4.9487, breaking past the critical $4.90 resistance and forming a base for further upside toward the key psychological $5.00 level. The rally reflects not only strong technical momentum but also growing traction in the protocol\u2019s ecosystem &#8211; particularly in Bitcoin-integrated DeFi. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35987","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35987"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35987\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}