ICP$3.2035 traded lower over the past 24 hours, slipping to around $3.13 after an earlier rebound attempt stalled near the $3.25–$3.30 zone. The move erased much of the session’s upside and kept the token pinned near the lower end of its recent range, according to CoinDesk Research's technical analysis data model.

Price action turned lower after ICP failed to sustain momentum above intraday highs near $3.28. Volume expanded during the reversal, pushing the token back through short-term support levels. Activity peaked during the decline, suggesting active repositioning rather than thin, illiquid movement.

After the drop, ICP stabilized near $3.05–$3.10 before attempting a modest bounce, but follow-through remained limited. The inability to reclaim former support reinforces the view that overhead supply remains concentrated above current levels, particularly around the $3.20 area.

From a technical perspective, ICP continues to trade below its recent consolidation midpoint, with lower highs defining the short-term structure. While volume confirms participation on both sides of the move, price has yet to signal a decisive shift in momentum. Until ICP can reclaim and hold above the $3.25–$3.30 zone, trading conditions remain consistent with consolidation under resistance rather than a confirmed trend reversal.

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.