ICP slid 4.28% over the past 24 hours, dropping from $3.52 to $3.3735 in a session marked by an early sharp reversal and sustained downward momentum.

The token briefly surged toward $3.60 during its strongest rally attempt, but the move quickly stalled, setting the stage for a steady decline, according to CoinDesk Research’s technical analysis. A spike in trading volume accompanied the short-lived push to $3.60, confirming the level as a key resistance zone. Following the failed rally, ICP formed a series of lower highs and lower lows, breaking through short-term support levels near $3.44 and $3.40. The intraday range spanned roughly 9%, reflecting elevated morning volatility across the broader crypto market.

Later in the session, ICP found temporary footing between $3.33 and $3.35. Several minor recovery attempts, including a brief push to $3.36 in the final hour, failed to generate sufficient volume to challenge newly established resistance. The market settled into a narrow range near session lows, suggesting consolidation rather than a confirmed reversal.

Technically, ICP’s next moves hinge on reclaiming the $3.40 zone, now acting as overhead resistance. Maintaining support near $3.33–$3.35 would help stabilize the short-term structure, while a breakdown below this range could open the door to a retest of deeper support levels established earlier this month.