Market Overview for ICPUSDT: ICP Price Holds Consolidation After 24-Hour High

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 11, 2026 6:25 pm ET1min read
ICP
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Aime RobotAime Summary

- ICPUSDT surged to $3.252, forming bullish 5-min engulfing patterns before consolidating near $3.21.

- Strong volume confirmed $3.195–$3.205 consolidation, aligning with 50-period MA and 61.8% Fibonacci levels.

- RSI (55–60) and neutral MACD indicated balanced momentum, while Bollinger Bands expanded with volatility.

- $3.175 support held firm, with potential for breakout above $3.235 or retest of key support in next 24 hours.

Summary
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ICPUSDT
rallied to a 24-hour high of $3.252 before consolidating near $3.21, forming bullish 5-min engulfing patterns.
• Strong volume spikes confirmed the $3.195–$3.205 consolidation, aligning with a 50-period MA.
• RSI hovered near 55–60, indicating balanced momentum, while MACD remained neutral with no clear divergence.
• Bollinger Bands expanded with increased volatility, and price closed near the upper band on key 5-min candles.
• A $3.175 support level held, with 61.8% Fibonacci from recent swings near $3.205 acting as a dynamic resistance.

Internet Computer/Tether (ICPUSDT) opened at $3.186 on January 10 at 12:00 ET, surged to a high of $3.252, tested a low of $3.162, and closed at $3.213 on January 11 at 12:00 ET. Total volume reached 694,984.5 units, with a notional turnover of $2,238,646.61.

Structure & Moving Averages


The 5-minute chart displayed a clear bullish engulfing pattern around $3.226–$3.233, followed by a pullback to key support at $3.195–$3.205. The 20- and 50-period moving averages intersected within this consolidation range, suggesting a probable continuation of sideways action ahead of a breakout.

Momentum and Volatility


Relative Strength Index (RSI) remained in the 55–60 range for much of the day, indicating moderate buying pressure without overbought conditions. MACD histogram showed minimal divergence, with no clear bullish or bearish momentum bias. Bollinger Bands expanded on the day’s high, and price closed near the upper band on 5-minute candles, hinting at elevated volatility.

Volume and Fibonacci Levels


Volume surged near the $3.225–$3.235 level, confirming the consolidation range. Notional turnover spiked during this period, aligning with Fibonacci 61.8% retracement at $3.205. A 61.8% level near $3.175 also held as a critical support, which may serve as a floor for further retracement.

Looking ahead, ICPUSDT appears poised to either break out above $3.235 or test $3.175 again in the next 24 hours. Traders should remain cautious as momentum indicators remain neutral, and consolidation may extend.