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ICP extends recovery to rise above $3; trading volume increases without spiking
Yahoo Finance· 2025-12-18 17:02
Core Viewpoint - Internet Computer (ICP) has shown a recovery trend, recently trading around $3.01 after a period of consolidation below this level, indicating a potential upward momentum in its price action [1]. Price Movement and Support Levels - ICP rose approximately 2.2% over the past 24 hours, reclaiming the $3 level after several sessions of trading just below it [1]. - The token found support in the $2.90–$2.95 range, where trading activity increased, although the volume did not reach levels typically associated with strong breakout momentum, suggesting a gradual positioning rather than a significant market shift [2]. Technical Analysis and Future Outlook - After briefly surpassing $3, ICP continued to trade near this level, indicating that this area is being tested as potential support [3]. - The broader market structure remains positive, but the near-term performance will depend on ICP's ability to maintain its position above the $3 mark [3]. - If ICP can hold above $3, attention may shift to resistance levels in the $3.05–$3.10 range; conversely, a drop below $3 would refocus attention on the upper-$2.90s, where the recent rebound initiated [3].