After several hours of tight-range back-and-forth, aggressive market buying by buyers drove prices higher.
Spot $ICP moved above the four-hour reference range of $2.421 to $2.556, and is currently at $2.565.
Trading volume reached 1.6 times the baseline during the rise, with aggressive buying accounting for nearly 68%.
This break to the upside appears to reflect a concentrated release of short-term buying demand; the new price level still needs to be tested through further trading.
Spot $ICP moved above the four-hour reference range of $2.421 to $2.556, and is currently at $2.565.
Trading volume reached 1.6 times the baseline during the rise, with aggressive buying accounting for nearly 68%.
This break to the upside appears to reflect a concentrated release of short-term buying demand; the new price level still needs to be tested through further trading.