Internet Computer Holds $3.40 Support Amid Consolidation
Internet Computer (ICP) remained above the $3.40 support zone on Monday, despite early session volume spikes failing to spark a sustained breakout.
ICP traded in a $0.20 intraday range, roughly 5.7% volatility, as the market consolidated after last week’s rebound from multiday lows, according to CoinDesk Research technical data. The token briefly climbed toward $3.55 on a volume surge of 1.04 million tokens—about 31% above the seven-day average—before drifting sideways between $3.43 and $3.48. A short dip to $3.41 found immediate support, highlighting the strength of the $3.36–$3.40 accumulation zone.
Short-term charts show a higher-low pattern emerging from Monday’s $3.36 pivot, while momentum indicators remain neutral. Small accumulation pockets appeared around $3.46 between 13:00 and 14:00 UTC but were insufficient to overcome overhead resistance.
A decisive move above $3.55 would reignite bullish momentum. If ICP fails to hold $3.40, focus could shift to $3.30 support, whereas a breakout past $3.55 may open the way toward $3.60–$3.65.
