lost ground after a weekend rally, sliding 5.48% to $3.77 as momentum faded following a failed attempt to break above short-term resistance near $4.28.
ICP climbed to nearly $4.30 late on Sunday, before tracking downward throughout much of Monday. Trading volume reached 8.7 million tokens, approximately 70% above the daily average, confirming that the retracement was driven by strong participation rather than low-liquidity drift, according to CoinDesk Research's technical analysis data model.
ICP fell to $3.70 by the late European morning before climbing back above $4 over the next two hours. This rally however faltered and ICP tracked back to $3.70. The day’s wide $0.58 range represented nearly 15% intraday volatility, underscoring the persistent tug-of-war between bullish accumulation and profit-taking.
Despite the setback, the broader uptrend structure remains intact so long as ICP holds above $3.70, which now represents an important pivot level for short-term direction. A recovery back above $3.95 could restore bullish confidence and open a path toward $4.10–$4.15, while a break below $3.70 may trigger further downard pressure into the $3.60 range.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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