rose in the last 24 hours, gaining about 3% to trade around $3.013 after rising as high as $3.03.
The advance extended a short-term recovery that started from the upper $2.80, with the price gradually building higher lows before breaching the psychological threshold of $3.00, according to CoinDesk Research’s technical analysis data model.
The move through $3.00 was accompanied by an increase in trading activity, suggesting renewed commitment as the ICP challenged an area that has recently acted as support and resistance.
The focus now shifts to that level as short-term support. Sustained holding could open room for further testing towards the $3.05 to $3.10 area, where prior selling interest has emerged. Conversely, a drop below $3 would shift attention towards the $2.95 area, which has recently served as a base during pullbacks.
For now, the ICP’s ability to hold above $3 keeps the short-term bias constructive, with traders watching volume and follow-through to gauge whether the move turns into a broader upward momentum or settles into a range-bound trade.
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.
