Internet Computer Maintains Key Support Amid Sideways Trading
Internet Computer (ICP) held above the $3.40 support level on Monday, though early session volume spikes failed to trigger a sustained breakout.
The token traded within a $0.20 intraday range, or roughly 5.7% volatility, as the market continued to consolidate following last week’s rebound from multiday lows, according to CoinDesk Research technical analysis. ICP climbed toward $3.55 in early trading, supported by a volume surge of 1.04 million tokens—about 31% above the seven-day average—but was unable to sustain upward momentum.
ICP subsequently moved sideways between $3.43 and $3.48 as volume tapered. A brief dip to $3.41 found immediate support, reinforcing the $3.36–$3.40 accumulation zone that has held over multiple sessions. Short-term charts show a developing higher-low pattern from Monday’s $3.36 pivot, while momentum indicators remained neutral. Small accumulation pockets formed around $3.46 between 13:00 and 14:00 UTC but were not enough to challenge resistance overhead.
A sustained move above $3.55 would be needed to reignite bullish momentum. Until then, ICP remains in consolidation, with fading volume and repeated rejections cautioning traders. Falling below $3.40 could shift attention to $3.30 support, while a successful breakout above $3.55 may open the path toward $3.60–$3.65.
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