has seen a positive shift in the last 24 hours, appreciating approximately 3% to around $3.013 after peaking at $3.03.
This uptick marks a continuation of a short-term resurgence that has emerged from the upper $2.80s, with prices steadily establishing higher lows before surpassing the significant $3.00 mark, as per CoinDesk Research’s technical analysis data model.
The breakthrough above $3.00 coincided with a surge in trading volume, indicating a renewed interest as ICP approached a price point that has recently served as both support and resistance.
Attention now turns to this level as a potential near-term support. A stable hold here could pave the way for further movement toward the $3.05–$3.10 range, where previous selling pressure has been noted. Conversely, a drop back below $3 would shift focus to the $2.95 area, which has recently acted as a foundation during retracements.
At this juncture, ICP’s ability to maintain its position above $3 keeps the short-term outlook optimistic, with traders monitoring trading volume and potential follow-through to determine whether this move leads to a broader upward trend or retreats into range-bound trading.
Disclaimer: Parts of this article were created with the aid of AI tools and assessed by our editorial team to guarantee precision and compliance with our standards. For additional insights, please refer to CoinDesk’s complete AI Policy.
