ICP Struggles to Break $6.66, Holds Range Between $6.05 and $6.66
Internet Computer (ICP) traded in a tight range on Wednesday, contained between key support at $6.05 and resistance at $6.66, following a failed early-session breakout attempt.
The token hovered near $6.03, up 2.25% in the past 24 hours, as it continued consolidating after last week’s retreat from early-November highs above $9.80.
Technical data from CoinDesk Research highlights the well-defined corridor, with $6.05 and $6.66 repeatedly capping price momentum over the past year.
ICP’s early-session surge saw 4.27 million tokens trade—about 68% above the 24-hour average—but buying pressure faded near the $6.66 resistance, pushing the price back toward the range midpoint.
Trading volume later dropped sharply to 171,000 tokens, with periods of inactivity signaling a temporary balance rather than a decisive shift in sentiment. The token’s movement reflects a broader range-bound structure shaping ICP’s near-term trajectory.
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