Share this article
ICP Surges 4% on Strong Volume and Developer Momentum
ICP climbs to $5.19 after a breakout rally, with rising volume and leading GitHub activity highlighting blockchain growth.
Jul 10, 2025, 2:58 p.m.
What to know:
- ICP gained 4.3%, rising from $4.96 to $5.16 with a peak at $5.19, supported by strong volume.
- A major breakout occurred at 19:00 UTC with volume hitting 886,937 units - more than 2x the daily average.
- ICP leads AI-integrated blockchain development with 431.3 daily GitHub events, reinforcing long-term upside potential.
In this article
posted a strong 4.3% gain in the 24-hour trading period into Thursday, climbing from $4.96 to $5.16, with a high of $5.19. The price action was fueled by significant trading activity and accelerating developer momentum, positioning ICP as one of the top-performing infrastructure tokens of the session.
The breakout took shape between 18:00 and 21:00 UTC on July 9, when ICP surged from $4.95 to $5.19. Volume peaked at 886,937 units at 19:00, far exceeding the 24-hour average of 388,671 units, according to CoinDesk Research's technical analysis model. This strong inflow of buying interest established a new resistance band around $5.22, which traders are now watching closely for potential continuation, the model showed.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Support levels held firm at $4.90–$4.93, with secondary support forming between $5.11 and $5.14. Price consolidation above $5.15 reflects strong structural integrity and reinforces the likelihood of another attempt at resistance in the near term.
Beyond price action, ICP recorded 431.3 daily GitHub events in the month of June, according to data by Santiment, exceeding the likes of NEAR and Filecoin by some distance and suggesting sustained development engagement.
Technical Analysis Highlights
- Price range: $4.96-$5.19, a 4.3% gain with a $0.28 swing.
- Volume spike: 886,937 units traded at 19:00 UTC, more than double the daily average.
- Support levels: $4.90–$4.93 (primary), $5.11-$5.14 (secondary).
- Resistance zone: $5.18-$5.22 marks the next breakout challenge.
- Developer strength: ICP leads with 431.3 daily GitHub events, reflecting continuous ecosystem growth.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- 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 (approx. 53%), 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.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
