It is up about 2.2% in the past 24 hours and is trading around $3.01, regaining the $3 level after consolidating just below that threshold for several sessions.
The move marks a continuation of the coin’s recent recovery, with price action showing a steady series of higher lows, according to CoinDesk Research’s technical analysis data model.
After ICP held support near the $2.90 to $2.95 area, trading activity picked up in the area and the price broke above $3. Volume increased on the way up, although not surging to levels typically associated with strong breakout momentum, suggesting the move was driven by incremental positioning rather than a shift in market belief.
After briefly breaking above $3, ICP continues to trade around that level, suggesting that this area is being tested as potential support. The broader structure remains constructive, although the near-term follow-through may depend on the coin’s ability to remain above the $3 mark.
If ICP holds above $3, attention may turn to resistance in the $3.05 to $3.10 range. However, a move back below $3 would put the focus back above $2.90, which is where the recent rally began.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and reviewed by our editorial team for accuracy and compliance Our standards. For more information, see CoinDesk’s complete artificial intelligence policy.
