ICP fell 4.28% over the past 24 hours, dropping from $3.52 to $3.3735 as an early sharp reversal triggered sustained downward momentum.
The token briefly rallied toward $3.60, but the move stalled, establishing that level as key resistance, according to CoinDesk Research’s technical analysis. Volume spiked during the failed rally, while ICP subsequently formed lower highs and lower lows, breaking short-term support at $3.44 and $3.40. The intraday range of roughly 9% reflected heightened market volatility.
Later, ICP found temporary footing near $3.33–$3.35. Minor recovery attempts, including a brief push to $3.36, lacked the volume to challenge resistance, leaving the token to trade in a narrow range near session lows — signaling consolidation rather than a confirmed reversal.
Technically, ICP’s short-term outlook depends on reclaiming $3.40, now acting as overhead resistance. Maintaining support around $3.33–$3.35 could stabilize the structure, while a breakdown below this range may prompt a retest of deeper support levels established earlier this month.
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