rose about 2.2% over the past 24 hours to trade around $3.01, reclaiming the $3 level after several sessions of consolidation just below that threshold.
The move marks a continuation of the token’s recent rally, with price action showing a steady series of higher lows, according to CoinDesk Research’s technical analysis data model.
The push above $3 came after ICP held support near the $2.90-$2.95 zone where trading activity increased. Volume increased during the advance, although it did not rise to levels typically associated with strong breakout momentum, suggesting the move was driven by incremental positioning rather than a shift in market sentiment.
After briefly moving above $3, ICP continued to trade near that level, indicating that the area is being tested as potential support. The broader structure remains constructive, although near-term follow-through is likely to depend on the token’s ability to stay above the $3 handle.
If ICP holds ground above $3, attention may shift to resistance in the $3.05-$3.10 area. However, a pullback below $3 would place the focus back on the upper $2.90s, where the recent rally began.
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.
