Internet Computing Protocol (ICP) advanced strongly on Tuesday, jumping 1.6% to $3.22 as the token broke the $3.20 resistance zone.
Trading volume skyrocketed to 1.26 million tokens, representing a 115% increase from the 24-hour average, according to CoinDesk Research’s technical analysis data model.
The rally began around 03:00 UTC, with the ICP recording three consecutive lows until 12:00, setting up a momentum-driven move that took prices to an intraday high of $3.23 before consolidating slightly below near $3.22.
The ICP fell again during the US morning to trade just below the $3.20 mark.
The session’s trading range of $0.10 reflected intraday volatility of 3.1%, consistent with a healthy breakout move rather than a speculative move.
Its technical structure now shows horizontal support solidifying between $3.16 and $3.17, a key zone that previously acted as resistance. Sustained price action above $3.20 would indicate that the previous ceiling is becoming a new floor.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk’s full AI policy.
