ICP holds $2.57 as support forms at $2.42
Internet Computer (ICP)
Editor:
Eugene Serbin
tradersunion.com reports that Internet Computer (ICP) is trading near $2.57 following a nearly 6% gain over the past week. The asset is currently consolidating near the top of its recent range while testing resistance at $2.6. Technical indicators show a split picture, with the Commodity Channel Index reaching an overbought level of 120.48.
Conversely, the Moving Average Convergence Divergence remains in buy territory despite volatility registering 12.07% on the week. The Ichimoku Kijun line at $2.42 is identified as the nearest reliable support level. Analysts note that the recent move higher was sharp but lacked a sustained trend.
For the next seven days, the expected trading range is projected between $2.42 and $2.73. The base case suggests price action will hold between $2.42 and $2.6 with a directional bias to the upside. A break above $2.6 could open the way toward $2.73, while a drop below $2.42 would signal a shift back to support. Earlier analysis highlighted positive momentum driven by increased institutional utility and overbought conditions.
How the market reacted
Whalio's own Binance spot order flow for ICP, measured when this story was written up on 4 September 2026. Not the outlet's figures.
ICP is currently trading at $2.51 on Binance spot markets. Short-term buying pressure is mixed, with the 1-hour buy ratio at 52.8% contrasting against a 45.3% ratio over the last four hours. Over the past 24 hours, the buy ratio sits at 48.6%, indicating a near-even split between buyers and sellers. Volume delta data shows net buying of $11,704 in the last hour, which contrasts with net selling of $111,469 over four hours. This suggests that while immediate momentum is slightly positive, the broader intraday trend has been dominated by sellers. The cumulative volume delta for the 24-hour period closed at -$11,596, confirming that selling pressure outweighed buying pressure over the full day.
The latest daily buy ratio of 47.8% sits at the 27th percentile of the last 281 days, against a median of 49.1% - weaker buying than most days.
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 50.7%, compared to the current 24-hour ratio of 48.6%. This represents a decline of 2.1 percentage points in buying interest compared to the weekly average. Trading volume has increased to 1.14 times the average level, indicating heightened activity. The coin saw a price change of +2.2% over the past eight days, with a total volume delta of +$355,669. While today shows lower buying pressure than the weekly average, the overall volume suggests this is an active trading day for the asset.