ICP stabilizes near 4.8 USD after intense volatility

ICP experienced heavy volatility in the last 24 hours, trading between 4.77 USD and 4.94 USD. A surge in trading volume allowed ICP to hit 4.94 USD near midnight.

However, ICP dropped to 4.78 USD in the European morning, establishing resistance around 4.93–4.94 USD amid heavy selling. The CoinDesk 20 Index also reflected similar market strain.

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