ICP dropped 4.28% over the past 24 hours, falling from $3.52 to $3.3735 after an early sharp reversal set the tone for sustained downward pressure.
The token briefly surged toward $3.60 during its strongest rally attempt, but the move quickly stalled, confirming that level as a key resistance, according to CoinDesk Research’s technical analysis. Trading volume spiked during the failed rally, while subsequent price action formed a series of lower highs and lower lows, breaking short-term support at $3.44 and later $3.40. The intraday range of roughly 9% reflected elevated market volatility.
Later in the session, ICP found temporary support near $3.33–$3.35. Several minor recovery attempts, including a brief push to $3.36, lacked the volume to challenge resistance, leaving the market in a narrow range near session lows, suggesting consolidation rather than a confirmed reversal.
Technically, the outlook hinges on reclaiming $3.40, now overhead resistance. Holding support around $3.33–$3.35 could stabilize the short-term structure, while a break below this level may open the way for a retest of deeper support established earlier this month.
