Internet Computer Maintains Key Support Amid Market Consolidation
Internet Computer (ICP) inched up 1.1% over the past 24 hours as price action remained confined between short-term support and resistance, according to CoinDesk Research.
The token traded within a 5.5% intraday range, oscillating between repeated support tests and short-lived rallies that failed to clear near-term resistance. Early trading saw heightened activity, with 1.96 million ICP tokens changing hands — 124% above the 24-hour average — pushing the price briefly toward $3.87 before stalling at $3.83.
ICP later retraced 2.6%, testing the psychological $3.70 level. A descending channel capped gains, and a 244,000-token spike at 13:39 UTC highlighted persistent supply. Despite pressure, the $3.69–$3.70 support zone held firm, maintaining short-term structure.
Traders cited cross-chain development narratives as a key driver, though intraday moves remained largely technical. The token now trades in a narrow range, with $3.69–$3.70 as support and $3.83 as the resistance to watch. A breakout may require renewed volume.
