Internet Computer Protocol (ICP) rose sharply on Tuesday, jumping 1.6% to $3.22 as the token broke through the $3.20 resistance zone.
Trading volume reached 1.26 million tokens, representing a 115% increase over the 24-hour average, according to CoinDesk Research’s technical analysis data model.
The rally began around 03:00 UTC, with ICP posting three consecutive higher lows through 12:00, triggering a dynamic move that took prices to an intraday high of $3.23 before consolidating slightly lower near $3.22.
ICP fell during the American morning to trade just below the $3.20 mark.
The session’s $0.10 trading range reflects intraday volatility of 3.1%, consistent with a healthy breakout move rather than a speculative boost.
Its technical structure now shows horizontal support solidifying between $3.16 and $3.17, a key area that previously acted as resistance. Sustained price action above $3.20 would indicate a swing from the previous high to a new low.
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.
