ICP declined to $4.8119 in the past 24 hours, down 5.57%, as the token extended its pullback from last week’s highs.
The move pushed ICP firmly below the $5.00 threshold, a level that has repeatedly acted as a pivot over the past few months, according to CoinDesk Research’s technical analysis data model.
The decline played out over a wide trading range, with prices hitting $4.69 at the day’s lows.
Trading activity increased sharply, with volume jumping 98% above the daily average, marking one of the most active sessions of November. The rise coincided with repeated failures to reclaim the $5.00 area, establishing a clearer resistance zone following the sharp pullback from previous monthly highs near $9.50.
Intraday data shows several attempts to stabilize around $4.70, where brief recovery moves produced a series of higher lows along with volume bursts of 207,000 and 167,000 tokens. These signals point to early signs of stabilization even as the ICP remains below key resistance.
The broader structure now reflects a shift toward near-term consolidation. Immediate resistance lies near $4.75, followed by the more important threshold at $5.00. The support between $4.69 and $4.70 remains the key zone that determines whether ICP can avoid a deeper pullback in the coming sessions.
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.
