coindesk.com
ICP advanced steadily across the last 24 hours, rising to $4.1625 as the token successfully broke above the $4.20 resistance region.
The move marked one of the stronger recent days, supported by a well-defined sequence of higher lows and a clear test of overhead technical levels, according to CoinDesk Research's technical analysis data model.
Volume expanded meaningfully during the breakout, reaching 2.98 million tokens, roughly 45% above the short-term average. The push through $4.20 triggered a session-high move to $4.31, creating a $0.38 intraday range and showcasing roughly 9% volatility as ICP trended upward through the early and mid-session hours.
Through the latter part of the window, price action compressed. A retracement from $4.144 to $4.046 created a brief descending structure, accompanied by a localized volume spike of 54,075 tokens that coincided with a closer test of the $4.04 support. Despite this pullback, ICP held its broader uptrend, maintaining the ascending pattern established from the $3.93 low.
With no catalysts driving directional shifts, technical markers defined the session. The retention of the $4.00–$4.04 zone as support preserves ICP’s bullish bias, while the $4.09–$4.10 band emerges as the first ceiling to clear in any renewed attempt at the $4.20 breakout level.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.