rose about 2.2% in the last 24 hours to trade around $3.01, reclaiming the $3 level after several sessions of consolidation just below that threshold.
The move marks a continuation of the token’s recent rally, with the price action showing a consistent series of higher lows, according to CoinDesk Research’s technical analysis data model.
The push above $3 came after the ICP held support near the $2.90 to $2.95 zone, where trading activity picked up. Volume increased during the advance, although it did not reach levels typically associated with strong breakout momentum, suggesting the move was driven by incremental positioning rather than a change in market conviction.
After briefly moving above $3, ICP continued to trade near that level, indicating that the area is being tested as potential support. The broader structure remains constructive, although near-term follow-through will likely depend on the token’s ability to hold above the $3 level.
If ICP sustains above $3, attention may shift towards resistance in the $3.05 to $3.10 range. However, a pullback below $3 would put the focus back on $2.90, where the latest bounce began.
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.
