ICP Price Rises, Maintaining Key Support Levels Amid Range-Bound Trading
ICP price rose 0.6% to $3.44 in the last 24 hours, with early session volume surging about 31% above the seven-day average to roughly 1.04 million tokens. Despite this volume spike, a breakout was not sustained, and the price remained range-bound. Resistance is observed at $3.52–$3.55, where multiple breakout attempts were rejected, while support between $3.36–$3.40 held firm, reinforcing a short-term higher-low structure from Monday’s $3.36 pivot.
Intraday trading has been confined to a $0.20 band, indicating roughly 5.7% volatility, with the price oscillating between $3.43 and $3.48. Momentum indicators are neutral as buying interest cooled, but a developing higher-low pattern suggests consolidation following last week’s rebound from multiday lows.
A decisive break above $3.55 would likely renew bullish momentum, potentially opening the way toward the $3.60–$3.65 area, whereas failure to hold above $3.40 risks a decline toward $3.30.
