rallied in the last 24 hours, adding 0.6% to $3.44 with trade centered on key technical levels.
ICP is trading within a $0.20 intraday band — about 5.7% volatility — reflecting a market still consolidating after last week’s rebound from multiday lows, according to CoinDesk Research’s technical analysis data model.
Momentum peaked in early trade as ICP rose towards $3.55. A corresponding increase in volume to 1.04 million tokens – about 31% above the seven-day average – supported the attempt.
From there, the token drifted into a steady sideways pattern, holding between $3.43 and $3.48 as volume subsided. A drop to $3.41 found immediate support, reinforcing the strength of the $3.36-$3.40 accumulation zone that has anchored the price across multiple sessions.
Short-term charts show a developing higher-low structure from Monday’s $3.36 pivot, although momentum indicators remained neutral as buying interest cooled in the afternoon. Small pockets of accumulation appeared at the $3.46 level between 13:00 and 14:00 UTC, but not enough to challenge overhead resistance.
A decisive break above $3.55 is needed to renew bullish momentum. Until then, ICP remains locked in a broader consolidation pattern, with fading volume and repeated rejections signaling caution. A failure to hold above $3.40 would shift attention back to $3.30 support, while a breakout above $3.55 could open up space towards the $3.60-$3.65 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.
