lost ground after a weekend rally, sliding 5.48% to $3.77 as momentum faded following a failed attempt to break short-term resistance near $4.28.
ICP climbed to nearly $4.30 late Sunday, before falling for much of Monday. Trading volume reached 8.7 million tokens, approximately 70% above the daily average, confirming that the retracement was due to high participation rather than low liquidity drift, according to CoinDesk Research’s technical analysis data model.
ICP fell to $3.70 in late European morning before climbing back above $4 over the next two hours. This rally faltered, however, and ICP returned to $3.70. The day’s wide $0.58 range represented intraday volatility of nearly 15%, highlighting the continuing tug-of-war between bullish accumulation and profit-taking.
Despite the setback, the broader uptrend structure remains intact as long as ICP holds above $3.70, which now represents an important pivot level for near-term direction. A return above $3.95 could restore bullish confidence and open a path towards $4.10-$4.15, while a break below $3.70 could trigger further downward pressure in the $3.60 range.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance. our standards. For more information, see CoinDesk Comprehensive AI Policy.
