Internet Computer Protocol (ICP) rallied on Tuesday, jumping 1.6% to $3.22 as the token broke through the $3.20 resistance zone.
Trading volume rose to 1.26 million tokens, representing a 115% increase over the 24-hour average, according to CoinDesk Research’s technical analysis data model.
The rally started around 03:00 UTC, with the ICP posting three consecutive higher lows until 03:00 UTC. 12:00 p.m., setting up a momentum-driven move that took prices to an intraday high of $3.23 before consolidating slightly lower near $3.22.
ICP fell back during the US morning to trade just below the $3.20 mark.
The session’s trading range of $0.10 reflected 3.1% intraday volatility, consistent with a healthy breakout move rather than speculative whipsawing.
Its technical structure now shows horizontal support consolidating between $3.16-$3.17, a key zone that previously served as resistance. Sustained price action above $3.20 would point towards a previous ceiling turning to a new floor.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
