Internet Computer Holds Above $3.40 Support Amid Sideways Trading
Internet Computer (ICP) maintained its position above the $3.40 support zone on Monday, though early session volume spikes failed to spark a sustained breakout.
The token traded within a $0.20 intraday range, reflecting roughly 5.7% volatility, as the market consolidated following last week’s rebound from multiday lows, according to CoinDesk Research. ICP briefly climbed toward $3.55 on a volume surge of 1.04 million tokens—about 31% above the seven-day average—but momentum faded, leaving the price to drift between $3.43 and $3.48. A dip to $3.41 found immediate support, reinforcing the strength of the $3.36–$3.40 accumulation zone.
Short-term charts show a higher-low structure developing from Monday’s $3.36 pivot, though momentum indicators remained neutral. Small pockets of accumulation emerged near $3.46 between 13:00 and 14:00 UTC but were insufficient to challenge overhead resistance.
A breakout above $3.55 is needed to renew bullish momentum. Until then, ICP remains in a consolidation pattern, with fading volume and repeated rejections signaling caution. Falling below $3.40 would shift focus to $3.30 support, while a move past $3.55 could open the way toward $3.60–$3.65.
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