ICP moved back above the $3 level on rising trading activity, holding recent gains as market participants reassess the near-term outlook.
The token gained roughly 3% over the past 24 hours, trading near $3.01 after briefly touching highs around $3.03. The move extended a short-term recovery from the upper $2.80s, with price action gradually forming higher lows before breaking through the psychologically important $3.00 mark, according to CoinDesk Research’s technical analysis data.
The push above $3.00 was accompanied by an uptick in trading volume, pointing to renewed participation as ICP tested a level that has recently alternated between support and resistance.
Attention now turns to the $3.00 area as a near-term support zone. Holding above it could pave the way for further upside toward the $3.05–$3.10 range, where selling pressure has previously surfaced. A move back below $3.00, however, would refocus attention on the $2.95 area, which has acted as a base during recent pullbacks.
For now, ICP’s ability to remain above $3.00 keeps the short-term bias constructive, with traders monitoring volume and follow-through to determine whether the advance evolves into a broader move higher or settles into consolidation.
