rose over the past 24 hours, adding 0.6% to $3.44 as trading centered around key technical levels.
ICP traded within a $0.20 intraday band — roughly 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.
The momentum peaked in early trading when ICP climbed as high as $3.55. A corresponding increase in volume to 1.04 million tokens – approximately 31% above the seven-day average – supported the attempt.
From there, the token drifted into a stable sideways trend, holding 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 higher-lower structure developing from Monday’s $3.36 pivot, although momentum indicators remained neutral as buying interest cooled in the afternoon. Small pockets of accumulation appeared at the $3.46 level between 1:00 p.m. and 2:00 p.m. UTC, but not enough to challenge overhead resistance.
A decisive break above $3.55 is needed to regain bullish momentum. Until then, ICP remains locked in a broader consolidation pattern where decreasing volume and repeated rejections signal caution. If it fails to sustain above $3.40, attention will shift back to the $3.30 support, while a break above $3.55 could open the way towards the $3.60-$3.65 zone.
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.
