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ICP Clears Key Technical Barrier as Breakout Volume Confirms Upward Momentum
Yahoo Finance· 2025-11-25 16:51
Core Insights - ICP has shown a steady advance, rising to $4.1625 after breaking above the $4.20 resistance level, indicating a strong performance supported by a sequence of higher lows and technical analysis [1] Price Movement - The trading volume increased significantly during the breakout, reaching 2.98 million tokens, which is approximately 45% above the short-term average, and the price peaked at $4.31, showcasing a $0.38 intraday range and about 9% volatility [2] - A brief retracement occurred from $4.144 to $4.046, creating a descending structure, but ICP maintained its broader uptrend, holding the ascending pattern established from the $3.93 low [3] Technical Analysis - The $4.00–$4.04 zone has been retained as support, preserving a bullish bias for ICP, while the $4.09–$4.10 range is identified as the first resistance to overcome in any renewed attempt to break out above $4.20 [4]