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].

Key Points Most tokens in the crypto market are once again lower today, with the overall market capitalization of all digital assets dropping 6.3% in early afternoon trading. However, Internet Computer stands out as the clear winner among top-50 tokens, surging 37% over the past 24 hours. Let's dive into the rationale investors appear to be relying on as reason to buy this token in the face of this selling pressure. 10 stocks we like better than Internet Computer › As far as the range of daily re ...