has seen a decline in value over the last 24 hours, dropping to roughly $3.13 after an earlier attempt to rebound faltered in the $3.25–$3.30 range. This decrease has reversed much of the session’s gains and kept the token near the bottom of its recent trading range, according to CoinDesk Research’s technical analysis data model.
The price decline occurred after ICP was unable to maintain momentum above intraday peaks near $3.28. The volume increased during this reversal, leading the token back through critical short-term support levels. Trading activity surged during the downturn, indicating active repositioning rather than just thin or illiquid trading.
Following the decline, ICP found some stability between $3.05 and $3.10 before making a modest recovery attempt; however, the follow-through was limited. The inability to regain previous support points supports the notion that selling pressure remains strong above current levels, particularly around the $3.20 region.
From a technical analysis standpoint, ICP is still trading below its recent consolidation midpoint, with lower highs shaping the short-term trend. Although volume confirms participation on both sides of the market, price movements have yet to indicate a decisive change in momentum. Until ICP can reclaim and sustain above the $3.25–$3.30 zone, the trading environment appears to be characterized more by consolidation beneath resistance than by a confirmed trend reversal.
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.
