Core Viewpoint - Internet Computer (ICP) experienced a 1.1% increase in the past 24 hours, with price action characterized by volatility and a range of 5.5% intraday [1] Price Action Summary - ICP traded 1.96 million tokens in early trading, which is 124% above the 24-hour average, briefly pushing the price to $3.87 before settling at $3.83 [2] - The price action showed a 2.6% pullback testing the psychological support level of $3.70 [2] - A descending channel has been observed since the morning high, with a notable spike of 244,000 tokens during a downward move indicating persistent supply at higher price levels [3] Market Sentiment and Technical Analysis - Traders noted that the interest in ICP is linked to cross-chain development narratives, although immediate market behavior remains technically driven [4] - The token is currently in a tight range, with buyers defending the $3.69–$3.70 support zone, while $3.83 is identified as a key level for potential upside continuation [5] - A breakout from the current channel may require new market participation as volume has cooled after the morning spike [5]