Internet Computer Holds Ground Amid Consolidation
Internet Computer (ICP) inched up 1.1% over the past 24 hours as market consolidation kept price action confined between key support and resistance levels, according to CoinDesk Research.
The token traded within a 5.5% intraday range, alternating between repeated support tests and brief rallies that failed to clear near-term resistance. Early trading saw a surge in 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 then retraced 2.6%, testing the psychological $3.70 level. A descending channel has capped upside since the morning high, while a 244,000-token move at 13:39 UTC highlighted persistent supply at higher levels. Despite selling pressure, the $3.69–$3.70 support zone held firm, preserving the short-term structure.
Traders noted cross-chain development narratives as a key factor behind ICP’s attention, though technical dynamics dominated intraday moves. The token now sits in a tight range: $3.69–$3.70 acts as support, while $3.83 remains the resistance to watch. Renewed volume may be needed for any breakout.
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