rose over the past 24 hours, gaining around 3% to trade around $3.013 after climbing as high as $3.03.
The advance extended a short-term rally that started from the upper $2.80 level, with the price gradually reaching higher lows before breaking through the psychological threshold of $3.00, according to CoinDesk Research’s technical analysis data model.
The move above $3.00 was accompanied by an increase in trading activity, suggesting renewed commitment as ICP challenged an area that has recently acted as both support and resistance.
The focus now shifts to this level as near-term support. A sustained hold could pave the way for further tests toward the $3.05-$3.10 area, where prior selling interest has emerged. Conversely, a return below $3 would draw attention to the $2.95 area, which has recently served as a base during pullbacks.
For now, ICP’s ability to stay above $3 keeps the short-term bias constructive, with traders monitoring volume and follow-through to gauge whether the move turns into a broader push higher or settles into a limited trading 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.
