was around $6.03, adding 2.25% in the last 24 hours, while remaining trapped in a tight consolidation structure that has defined its price behavior since last week’s sharp pullback from early November highs above $9.80.
Despite the advance, ICP continues to trade within a well-established corridor between support at $6.05 and resistance at $6.66, levels that have repeatedly capped momentum over the past year, according to CoinDesk Research’s technical analysis data model.
A burst of trading activity early in the session (4.27 million tokens, about 68% above the 24-hour average) accompanied a new attempt to break above $6.66. The measure failed to breach the ceiling, reinforcing that band as a key short-term hurdle. Once the momentum faded, the ICP slid back towards the midpoint of its range as no new catalysts emerged to support directional follow-through.
The volume then dropped sharply, dropping to just 171,000 tokens, and for several minutes no transactions were recorded. The dramatic slowdown underscores a temporary equilibrium rather than a decisive shift in sentiment, reflecting the broader range structure now governing price action.
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.
