hovered near $6.03, adding 2.25% in the past 24 hours while remaining locked in a tight consolidation structure that has defined its price behavior since last week’s sharp retracement from early-November highs above $9.80.
Despite the advance, ICP continues to trade within a well-established corridor between $6.05 support and resistance at $6.66, levels that have repeatedly capped momentum throughout the past year, according to CoinDesk Research’s technical analysis data model.
A burst of trading activity early in the session — 4.27 million tokens, roughly 68% above the 24-hour average — accompanied a renewed attempt to break above $6.66. The move failed to push through the ceiling, reinforcing that band as a key near-term obstacle. Once momentum faded, ICP slipped back toward the midpoint of its range as no fresh catalysts emerged to support directional follow-through.
Volume then thinned sharply, falling to just 171,000 tokens, with several minutes recording no trades. The dramatic slowdown underscores a temporary equilibrium rather than a decisive shift in sentiment, reflecting the broader range-bound structure now governing price action.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.