- ICP rose above $3, extending a short-term recovery from its recent lows.
- Trading volume increased while remaining consistent with gradual positioning rather than aggressive accumulation.
- The previous resistance area around $3 has now become the key level to watch for determining the short-term trend.
ICP rose by about 2.2% over the past 24 hours to trade around $3.01, regaining the $3 level after several sessions of consolidation just below this threshold.
This move represents a continuation of the recent price recovery, with price action showing a consistent series of higher lows, according to CoinDesk's technical analysis model.
The push above $3 came after ICP held support near the $2.90-$2.95 area, where trading activity increased. Volume rose during the advance, although it did not reach levels typically associated with strong breakout momentum, indicating that the move was driven by gradual positioning rather than a change in market conviction.
After temporarily surpassing $3, ICP continued to trade near that level, indicating that the area is being tested as potential support. The broader structure remains positive, although the short-term follow-up will depend on the coin's ability to stay above the $3 level.
If ICP maintains its position above $3, the focus may shift towards resistance in the $3.05-$3.10 range. However, a return below $3 would shift the focus back to the upper $2.90 area, where the recent recovery began.
