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ICP edged up 0.6% today to $3.44. Can the key support level hold?
[Crypto World] ICP had a slight increase of 0.6% today and is now at $3.44. The intraday volatility was quite intense, with a 5.7% amplitude as the price swung back and forth within a $0.20 range.
In the early session, it surged to a high of $3.55, with trading volume more than 30% higher than the average daily level over the past week. However, the momentum didn’t last, and the price hovered between $3.43 and $3.48 afterward.
From a technical perspective, the $3.36-$3.40 support zone is still holding up fairly well. For the price to move up again, it first needs to break through the $3.55 resistance; if it can’t even hold $3.40, then the next support to watch is at $3.30.