ICP rallies above key averages amid strong daily performance
Internet Computer (ICP)
Editor:
Eugene Serbin
tradersunion.com reports that Internet Computer (ICP) advanced 7.23% to trade at $2.61 on 5 September 2026. The asset is positioned above its key moving averages, indicating a robust daily performance. On the hourly chart, ICP sits above the MA-20 at $2.57 and the MA-50 at $2.54.
The daily price remains well above the MA-200, which is located at $2.41. Immediate support is provided by the Ichimoku Kijun level at $2.56. Momentum indicators including the MACD, ADX, CCI, and Bull/Bear Power signal active buyer dominance.
The RSI shows a supportive reading of 59.91, while the Stoch RSI and Awesome Oscillator remain neutral. Analysts note an upside bias with mixed but broadly positive signals. The price is consolidating near resistance as traders monitor the $2.56 support level.
A breakout could test higher targets, while a move below support might trigger a deeper pullback. The baseline scenario envisions continued consolidation around current levels.
How the market reacted
Whalio's own Binance spot order flow for ICP, measured when this story was written up on 5 September 2026. Not the outlet's figures.
Whalio data shows ICP trading at $2.47, with a 1-hour buy ratio of 46.4% and a 4-hour buy ratio of 39.5%. These short-term figures are lower than the 24-hour buy ratio of 47.8%, suggesting that buying pressure is fading in the immediate term. The volume delta is negative across all timeframes, with -$14,302 in the last hour and -$266,100 over four hours. This indicates that sell volume has exceeded buy volume during these periods. The cumulative volume delta for the 24-hour close is -$466,463, confirming net selling pressure. Spot volume for the day stands at $7,925,535 with 61,716 trades recorded.
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 50.5%, making the current 24-hour ratio of 47.8% slightly below the weekly norm. Volume was 1.57 times the weekly average, indicating significantly higher trading activity than usual. The coin saw net buying on 4 of the past 7 days, with a total volume delta of +$1,154 for the period. Price increased by 3.3% over the 8-day window. This represents an unusual day for the coin due to the elevated volume relative to the average.