continued its strong momentum on Thursday, climbing 7.88% to $7.77 and marking another day of pronounced outperformance relative to the broader crypto market.
The token extended its breakout rally that began earlier this week, moving strongly above previous resistance levels while confirming a sustained uptrend.
Trading activity remained robust with 20.11 million ICP tokens exchanged – 261% above the monthly average according to CoinDesk Research’s technical analysis data model.
The increase in volume reflects expanding market engagement as traders and institutions react to the token’s technical breakout and relative strength. Price action was characterized by a sharp push to a session high of $8.76, followed by measured consolidation as participants locked in short-term gains.
The broader structure of the ICP continues to exhibit bullish characteristics, with higher lows formed consistently over recent sessions. This pattern reinforces the token’s momentum-driven advance and hints at the potential for further upside if support holds.
Analysts see $8.00 as the next resistance level, with the $7.40-$7.50 zone providing a key near-term floor. Sustained closes above these levels will confirm continued upward momentum and potentially open targets towards $8.50-$8.90.
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.
