ICP Slips Back Toward Recent Lows as Rally Attempt Fades
Internet Computer drifted lower after failing to hold intraday gains, with elevated volume reflecting continued distribution near resistance.

What to know:
- ICP pulled back toward $3.13 after rejecting levels near $3.28.
- Volume increased during the selloff, signaling active positioning near resistance.
- Price remains below short-term averages, keeping the near-term bias cautious.
Price action turned lower after ICP failed to sustain momentum above intraday highs near $3.28. Volume expanded during the reversal, pushing the token back through short-term support levels. Activity peaked during the decline, suggesting active repositioning rather than thin, illiquid movement.
After the drop, ICP stabilized near $3.05–$3.10 before attempting a modest bounce, but follow-through remained limited. The inability to reclaim former support reinforces the view that overhead supply remains concentrated above current levels, particularly around the $3.20 area.
From a technical perspective, ICP continues to trade below its recent consolidation midpoint, with lower highs defining the short-term structure. While volume confirms participation on both sides of the move, price has yet to signal a decisive shift in momentum. Until ICP can reclaim and hold above the $3.25–$3.30 zone, trading conditions remain consistent with consolidation under resistance rather than a confirmed trend reversal.
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