What to know : ICP rose above $3, extending a short-term rebound from recent lows. Trading volume increased while remaining consistent with gradual positioning rather than aggressive accumulation. The former resistance area around $3 is now the key level to watch for near-term direction.
rose about 2.2% over the past 24 hours to trade around $3.01, reclaiming the $3 level after several sessions of consolidation just below that threshold.
The move marks a continuation of the token’s recent recovery, with price action showing a steady series of higher lows, according to CoinDesk Research's technical analysis data model.
The push above $3 came after ICP held support near the $2.90–$2.95 zone, where trading activity picked up. Volume increased during the advance, although it did not spike to levels typically associated with strong breakout momentum, suggesting the move was driven by incremental positioning rather than a shift in market conviction.
After briefly moving above $3, ICP continued to trade near that level, indicating that the area is being tested as potential support. The broader structure remains constructive, though near-term follow-through will likely depend on the token’s ability to stay above the $3 handle.
If ICP maintains ground above $3, attention may shift toward resistance in the $3.05–$3.10 range. A move back below $3, however, would place the focus back on the upper-$2.90s, where the latest rebound began.
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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