The post ICP Holds Above $3.40 as Early Breakout Stalls appeared on BitcoinEthereumNews.com.

ICP$3.5214 rose in the last 24 hours, adding 0.6% to $3.44 with trading centered on key technical levels. ICP traded within a $0.20 intraday band — about 5.7% volatility — reflecting a market still consolidating after last week’s rebound from multiday lows, according to CoinDesk Research’s technical analysis data model. Momentum peaked during early trading when ICP climbed toward $3.55. A corresponding volume increase to 1.04 million tokens — roughly 31% above the seven-day average — supported the attempt. From there, the token drifted into a steady sideways pattern, holding between $3.43 and $3.48 as volume tapered. A dip to $3.41 found immediate support, reinforcing the strength of the $3.36–$3.40 accumulation zone that has anchored price across multiple sessions. Short-term charts show a developing higher-low structure from Monday’s $3.36 pivot, though momentum indicators remained neutral as buying interest cooled into the afternoon. Small accumulation pockets emerged at the $3.46 level between 13:00 and 14:00 UTC, but not enough to challenge overhead resistance. A decisive break above $3.55 is needed to renew bullish momentum. Until then, ICP remains locked in a broader consolidation pattern where fading volume and repeated rejections signal caution. A failure to hold above $3.40 would shift attention back to $3.30 support, while a breakout above $3.55 could open room toward the $3.60–$3.65 area. 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. Source: https://www.coindesk.com/markets/2025/12/08/icp-rises-keeping-price-above-key-support-levels

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Filed under: News - @ December 9, 2025 2:34 am