lost ground after a weekend rally, falling 5.48% to $3.77 as momentum waned after a failed attempt to break above short-term resistance near $4.28.
ICP rose to nearly $4.30 late Sunday before tracking lower through most of Monday. Trading volume reached 8.7 million tokens, roughly 70% above the daily average, confirming that the retracement was driven by strong participation rather than low-liquidity drift, according to CoinDesk Research’s technical analysis data model.
ICP fell to $3.70 late in the morning in Europe before rising back above $4 over the next two hours. However, this rally faltered and ICP tracked back to $3.70. Today’s wide $0.58 range represented nearly 15% intraday volatility, underscoring the ongoing tug-of-war between bullish accumulation and profit-taking.
Despite the setback, the broader uptrend structure remains intact as long as ICP holds above $3.70, which now represents an important pivot point for near-term direction. A bounce back above $3.95 could restore bullish confidence and open a path towards $4.10-$4.15, while a break below $3.70 could trigger further downward pressure in the $3.60 range.
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.
