Solana News Update: ICP Surges Above $2.92 While Investors Look for a Bullish Break Above $3.00
- ICP token rebounded above $2.92 this week, reversing mid-week losses with 1.04% gains to $2.94 by Friday. - Trading volume surged 20% above seven-day average, reflecting renewed institutional interest in high-throughput blockchain networks. - Coelacanth Energy partnered with ICP Securities for automated trading, highlighting expanding institutional adoption of ICP-based liquidity solutions. - Technical analysts note $3.00 as critical resistance level, with sustained breakouts potentially reigniting bulli
The
This rebound was marked by a notable increase in trading activity, with volume jumping 20% above the weekly average and peaking at 1.39 million units around 10:00 GMT. The surge in volume reflects a broader positive sentiment in the market, as layer-1 blockchains have attracted renewed investor attention since October’s volatility. ICP’s strong fundamentals—such as its leading transaction speed of 1,032 transactions per second, surpassing Solana’s 912 TPS, according to an
Still, the recovery has faced obstacles. Earlier in the week, ICP dropped to $2.9891 after failing to break past the $3.15 resistance, with increased selling pressure driving the price back toward the lower end of its range, as detailed in a
The token’s recent performance has also caught the eye of institutional players. Toronto-based Coelacanth Energy Inc. recently partnered with ICP Securities Inc. to utilize the ICP Premium™ algorithm for automated market-making, according to a
Wider trends in blockchain technology provide further context for ICP’s recent price action. The token’s recovery comes amid rising institutional interest in blockchain assets, as seen with Western Union’s launch of a stablecoin on Solana and the approval of new
Looking forward, traders are watching key price points for signs of a breakout. If ICP can maintain a move above $3.00, it could not only recover the week’s losses but also spark renewed bullish activity. On the other hand, falling below $2.89 might trigger another wave of selling, highlighting how short-term volatility continues to shape ICP’s market direction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump Calls for Government to Reopen; Democrats Refuse Border Funding Demands
- Trump demands immediate government reopening, blaming Democrats for shutdown impacting 800,000 furloughed workers and critical agency operations. - New York mayoral candidate Mamdani rejects Trump's funding threats, calling them distractions from broader governance failures. - U.S.-China trade deal targets 55% tariff reduction on Chinese goods and addresses fentanyl precursor issues amid ongoing economic tensions. - Fed resists Trump's rate-cut demands, opting for 0.25% reduction while maintaining inflat
Zcash Plans for Enhanced Privacy Amid Regulatory Challenges in 2025 Strategy
- Electric Coin Co. (ECC) released its Q4 2025 roadmap, focusing on Zcash's privacy enhancements, shielded transaction upgrades, and Dev Fund security via P2SH multisig wallets. - Zcash's shielded supply hit 4.5M ZEC, driven by Orchard protocol adoption and zero-knowledge proofs, while ZEC surged 400% in 30 days, surpassing Monero in market cap. - Institutional interest and 27.5% supply locked in shielded pools amplified price pressure, though optional privacy features lag behind Monero's mandatory anonymi
China's Easing on Chip Supply Brings Relief to Worldwide Automotive Industry
- China partially eases chip export restrictions on Dutch firm Nexperia amid escalating tensions with the Netherlands over governance disputes. - Dutch government's 2025 takeover of Nexperia triggered Beijing's export blockades, disrupting 70% of chips produced in China for global automotive supply chains. - European automakers face imminent production halts as Nexperia's chips power critical vehicle systems, with reserves dwindling and alternatives scarce. - Diplomatic mediation by EU and U.S. intensifies
Zcash’s Efforts to Enhance Privacy Encounter Challenges from Quantum Technology and Regulatory Pressures
- Zcash's ECC releases Q4 roadmap to enhance shielded privacy via temporary transparent addresses and improved fund security. - Quantum computing risks spark debate as Zcash's shielded transactions face scrutiny over long-term privacy guarantees. - Zcash price surges 500% to $5.6B market cap ahead of November halving, driven by privacy demand amid CBDC debates. - Regulatory tensions persist as EU/South Korea restrict privacy coins, contrasting Zcash's public audit defenses against auditability concerns. -
Trending news
MoreCrypto prices
More
