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ICP Extends Decline Below $3.40, Strengthening Bearish Sentiment
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ICP fell 4.28% over the past 24 hours, dropping from $3.52 to $3.3735. The breakdown below the $3.40 level reinforces a bearish structure for the token. A notable volume spike near the $3.60 test marked a turning point for the session. As ICP declined, it moved through short-term supports around $3.44 and then $3.40. The intraday range was roughly 9%, indicating elevated volatility. Price found temporary footing near the $3.33 to $3.35 range, and a late push to $3.36 was unsuccessful due to limited volume. Key levels to watch include regaining above $3.40, which would flip it into overhead resistance. Holding above $3.33 to $3.35 could stabilize the short-term structure, while failing this zone may lead to a retest of deeper supports.
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