ICP hits record Web3 volume as price tests resistance
Internet Computer (ICP)
Editor:
Eugene Serbin
tradersunion.com reports that Internet Computer (ICP) has advanced 7.19% in the last 24 hours to trade at $2.64. The asset is currently positioned above its key moving averages, including the MA-20 at $2.57 and the MA-50 at $2.52. Kucoin data shows ICP recorded 134.5 million transactions in 24 hours, surpassing Solana’s 123.4 million.
This spike in on-chain activity indicates substantial user demand and heightened engagement with the network. Technical indicators show the Ichimoku Kijun at $2.53 acting as immediate support on the hourly chart. The RSI is elevated at 65.85, while CCI and Stochastic RSI confirm overbought conditions.
MACD continues to display a buy signal, and Bull/Bear Power underscores buyer dominance. Analysts note a shift from previous technical weakness to strong bullish momentum supported by these record volumes.
How the market reacted
Whalio's own Binance spot order flow for ICP, measured when this story was written up on 17 September 2026. Not the outlet's figures.
Whalio spot data shows ICP trading at $2.57, with a 1-hour buy ratio of 42.4% and a 4-hour buy ratio of 49.0%. These short-term readings are lower than the 24-hour buy ratio of 49.4%, suggesting buying pressure is fading in the immediate term. The 1-hour volume delta is -$26,850 and the 4-hour delta is -$16,297, indicating net selling pressure over these shorter windows. Volume delta measures the difference between buy and sell volume; negative values mean sellers are dominating. Despite this, the 24-hour volume delta is -$55,212, showing net selling over the full day.
The latest daily buy ratio of 49.0% sits at the 46th percentile of the last 324 days, against a median of 49.2% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for ICP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.7%, making the current 24-hour ratio of 49.4% slightly above average by 0.8 points. However, spot volume for the last day was only 0.85x the weekly average, indicating lighter trading activity. The coin experienced a 7.6% price drop over the past eight days, with a total volume delta of -$1,138,229. Only one day out of the past seven saw net buying, contrasting with the recent 14 hours of net buying in the last 24 hours. This suggests the current day is an unusual outlier in a generally bearish weekly trend.