ICP$5.1448 lost ground after a weekend rally, sliding 5.48% to $3.77 as momentum faded following a failed attempt to break above short-term resistance near $4.28. ICP climbed to nearly $4.30 late on Sunday before tracking downward throughout much of Monday.
Trading volume reached 8.7 million tokens, approximately 70% above the daily average, confirming that the retracement was driven by strong participation rather than low-liquidity drift, according to CoinDesk Research’s technical analysis data model.
ICP fell to $3.70 by late European morning before climbing back above $4 over the next two hours. However, this rally faltered, and ICP tracked back to $3.70. The day’s wide $0.58 range represented nearly 15% intraday volatility, underscoring the persistent tug-of-war between bullish accumulation and profit-taking.
Despite the setback, the broader uptrend structure remains intact as long as ICP holds above $3.70, which now represents an important pivot level for short-term direction. A recovery back above $3.95 could restore bullish confidence and open a path toward $4.10–$4.15, while a break below $3.70 may trigger further downward pressure into the $3.60 range.
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