has increased in the last 24 hours, rising by 0.6% to $3.44, with trading focusing on important technical levels.
ICP fluctuated within a $0.20 intraday range — exhibiting roughly 5.7% volatility — indicative of a market still stabilizing following last week’s recovery from several days of lows, according to CoinDesk Research’s technical analysis data model.
Momentum peaked early in the trading session when ICP surged towards $3.55. This move was supported by a notable volume increase to 1.04 million tokens — approximately 31% higher than the seven-day average.
Following that, the token settled into a consistent sideways pattern, staying between $3.43 and $3.48 as volume diminished. A decline to $3.41 found immediate support, highlighting the robust nature of the $3.36–$3.40 accumulation zone that has consistently held price through multiple sessions.
Short-term charts indicate a developing higher-low structure from Monday’s $3.36 pivot, although momentum indicators remained neutral as buying interest began to fade in the afternoon. Small accumulation pockets appeared at the $3.46 level between 13:00 and 14:00 UTC, but not sufficient to overcome overhead resistance.
A decisive move above $3.55 is necessary to reignite bullish momentum. Until then, ICP is caught in a broader consolidation pattern where decreasing volume and recurrent rejections indicate caution. A failure to maintain above $3.40 would refocus attention toward $3.30 support, while a breakout beyond $3.55 could pave the way toward the $3.60–$3.65 region.
Disclaimer: Sections of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and compliance with our standards. For further information, refer to CoinDesk’s complete AI Policy.
