Internet Computer trades near $4.80 after a failed rebound and an 85% volume spike that confirmed a breakdown below the $4.95 support level.
Heavy trading activity during a failed rebound attempt pushed ICP into a tighter consolidation zone below $4.95, reinforcing short-term downside risk. ICP is trading near $4.80, up 0.75% over the most recent 24-hour window despite earlier breakdown signals.
The token moved within a $0.48 intraday range, reflecting 9.6% volatility as repeated attempts to reclaim higher levels stalled, according to CoinDesk Research's technical analysis data model. A major inflection point arrived at 19:00 UTC on Wednesday, when trading volume surged to 5.63 million tokens — an 85% jump relative to the 24-hour average. The surge aligned with a failed advance above $4.98, reinforcing the area as a near-term resistance ceiling. Although ICP briefly climbed to $4.99 during a mid-session uptick, momentum faded quickly and price rotated lower. The most recent hourly moves showed ICP slipping through $4.93, extending the earlier breakdown and tightening pressure on the $4.90 psychological region. Price briefly stabilized near $4.917, but technical structure continues to show a downward bias unless ICP can reclaim levels above $4.98. Support at $4.63 remains the key threshold below, having served as a pivot during prior pullbacks. Without renewed volume expansion toward the upper end of the range, ICP appears likely to remain inside a consolidation band defined by $4.63–$4.98, with directional confirmation dependent on which boundary breaks first.Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M , followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.Bitcoin fell back to nearly $88,000 in U.S. morning trading hours Thursday, erasing a move back to $93,000 following Nvidia earnings overnight. Ether dropped below $2,900, as ETH treasury company FG Nexus offloaded some of its tokens to buy back shares.2 hours ago
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