ICP dropped 4.28% over the past 24 hours, sliding from $3.52 to $3.3735 as an early sharp reversal triggered sustained downward momentum.
The token briefly climbed toward $3.60, but the move stalled, confirming that level as key resistance, according to CoinDesk Research. Trading volume spiked during the failed rally, and ICP subsequently formed lower highs and lower lows, breaking short-term supports at $3.44 and $3.40. The intraday range of roughly 9% highlighted heightened market volatility.
Later in the session, ICP found temporary support near $3.33–$3.35. Minor recovery attempts, including a push to $3.36, failed to generate sufficient volume to overcome resistance, leaving the token trading in a narrow range near session lows — a sign of consolidation rather than a confirmed reversal.
Looking ahead, reclaiming the $3.40 level, now overhead resistance, will be key for stabilizing the short-term structure. Failure to hold support around $3.33–$3.35 could lead to a retest of deeper levels established earlier this month.
