ICP Slips Back Toward Recent Lows as Rally Attempt Fades

Core Viewpoint - Internet Computer (ICP) has experienced a decline in trading, currently around $3.13, following a failed rebound attempt near the $3.25–$3.30 range [1]. Price Action Summary - The price action turned lower after ICP could not maintain momentum above intraday highs near $3.28, with increased volume during the reversal indicating active repositioning [2]. - Following the drop, ICP stabilized between $3.05 and $3.10 before a modest bounce attempt, but the follow-through was limited, suggesting concentrated overhead supply around the $3.20 area [3]. Technical Analysis Summary - From a technical standpoint, ICP is trading below its recent consolidation midpoint, characterized by lower highs in the short-term structure [4]. - Despite volume confirming participation on both sides of the move, the price has not indicated a decisive shift in momentum. Until ICP can reclaim and hold above the $3.25–$3.30 zone, the trading conditions suggest consolidation under resistance rather than a confirmed trend reversal [4].