fell sharply over the past 24-hour window, sliding 7.3% to trade near $3.7065 as the token decisively broke below the $3.99-$4.00 support band.
The move unfolded over an 11.3% intraday range, with the steepest losses occurring during a high-volume flush near 23:00 UTC on November 30, according to CoinDesk Research’s technical analysis data model.
A large increase in volume – 1.83 million tokens, about 300% above the short-term average – accompanied the break through $3.99, reinforcing the technical significance of this level. Momentum extended lower into December 1st, with total volume reaching 6.85 million tokens, one of the highest readings for ICP in recent days.
The price eventually stabilized in the $3.55-$3.65 zone and formed a short-term base before rising towards $3.69-$3.70. Despite the rally, the broader structure remains bearish, with a clean streak of lower highs visible on the chart and resistance now firmly established at the previous $3.99-$4.00 support.
Intraday data shows a period of narrow consolidation between $3,645-$3,700, followed by a small lift that coincided with a localized volume increase. That move helped reinforce the support band in the near term, but did not yet change the overall downward trajectory.
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.
