ICP Holds Above $3.40 as Early Breakout Stalls

Internet Computer (ICP) increased by 0.6% over the last 24 hours, trading around $3.44 and holding above the critical $3.40 support zone. Early trading saw a volume spike, with ICP climbing toward $3.55 on volume 31% above the seven-day average, but this momentum stalled, leading to a consolidation phase between $3.43 and $3.48 as volume decreased.

The token found immediate support at $3.41, reinforcing the strength of the $3.36–$3.40 accumulation zone. While short-term charts suggest a developing higher-low structure from Monday's $3.36 pivot, momentum indicators remain neutral as buying interest has cooled.

For bullish momentum to resume, ICP needs a decisive break above the $3.55 resistance level. Failure to hold $3.40 would shift focus to the $3.30 support, whereas a breakout above $3.55 could target the $3.60–$3.65 range.

(Source：CoinDesk)