ICP$4. 2188 continued to struggle with overhead pressure during its latest 24-hour trading window, trading near $4. 80 after slipping below the $4. 95 support level. The token moved within a $0. 48 intraday range, reflecting 9. 6% volatility as repeated attempts to reclaim higher levels stalled, according to CoinDesk Research’s technical analysis data model. A major inflection point arrived at 19: 00 UTC on Wednesday, when trading volume surged to 5. 63 million tokens an 85% jump relative to the 24-hour average. The surge aligned with a failed advance above $4. 98, reinforcing the area as a near-term resistance ceiling. Although ICP briefly climbed to $4. 99 during a mid-session uptick, momentum faded quickly and price rotated lower. The most recent hourly moves showed ICP slipping through $4. 93, extending the earlier breakdown and tightening pressure on the $4. 90 psychological region. Price briefly stabilized near $4. 917, but technical structure continues to show a downward bias unless ICP can reclaim levels above $4. 98. Support at $4. 63 remains the key threshold below, having served as a pivot during prior pullbacks. Without renewed volume expansion toward the upper end of the range, ICP appears likely to remain inside a consolidation band defined by $4. 63-$4. 98, with directional confirmation dependent on which boundary breaks first.
https://bitcoinethereumnews.com/tech/icp-slips-as-volume-spike-confirms-breakdown-below-key-support/
ICP Slips as Volume Spike Confirms Breakdown Below Key Support
