moved higher over the past 24 hours, gaining about 3% to trade around $3.013 after climbing as high as $3.03.
The advance extended a short-term rally that began from the upper $2.80s, with the price gradually building higher lows before clearing the $3.00 psychological threshold, according to CoinDesk Research’s technical analysis data model.
The move through $3.00 was accompanied by an increase in trading activity, suggesting renewed engagement as the ICP challenged an area that has recently acted as both support and resistance.
The focus now shifts to that level as a short-term support. A sustained hold could open up space for further tests towards the $3.05-$3.10 area, where earlier selling interest has emerged. Conversely, a slip back below $3 would shift attention to the $2.95 zone, which has recently acted as a base during pullbacks.
For now, ICP’s ability to remain above $3 keeps the short-term bias constructive, with traders watching volume and follow-through to gauge whether the move develops into a broader push higher or settles into range-bound trading.
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.
