rose in the last 24 hours, adding 0.6% to $3.44 with trading focused on key technical levels.
ICP traded within an intraday band of $0.20 (about 5.7% volatility), reflecting a market still consolidating after last week’s rebound from multi-day lows, according to CoinDesk Research’s technical analysis data model.
Momentum peaked during early trading when ICP rose to $3.55. A volume surge corresponding to 1.04 million tokens (approximately 31% above the seven-day average) supported the attempt.
From there, the token adopted a steady sideways pattern, staying between $3.43 and $3.48 as volume decreased. A drop to $3.41 found immediate support, reinforcing the strength of the $3.36 to $3.40 accumulation zone that has anchored the price over several sessions.
Short-term charts show a high-to-low structure developing from Monday’s $3.36 pivot, although momentum indicators remained neutral as buying interest cooled into the afternoon. Small pockets of accumulation emerged at the $3.46 level between 13:00 and 14:00 UTC, but not enough to challenge the overhead resistance.
A decisive break above $3.55 is needed to renew the bullish momentum. Until then, ICP remains trapped in a broader consolidation pattern where declining volume and repeated rejections indicate caution. Failure to hold above $3.40 would return attention to the support at $3.30, while a break above $3.55 could open space towards the $3.60-3.65 area.
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.
