ICP Slips as Consolidation Phase Holds Above Key Support

ICP$6.2642 eased in the last 24 hours, slipping 0.65% to $6.30 as the token entered a controlled consolidation phase following its recent rally.

The price fluctuated within a $0.95 range, representing nearly 15% intraday volatility, while maintaining its broader technical structure above critical short-term support levels, according to CoinDesk Research’s technical analysis data model.

Trading volume rose, registering 18% above the 30-day average, a signal of steady institutional participation. The most pronounced activity occurred around 09:00 GMT, when turnover spiked to 4.93 million ICP, roughly 77% above the 24-hour mean, as prices tested the $6.67 resistance zone.

ICP’s price action reflects measured consolidation after a 235% rally last week. The token’s declining hourly structure from $6.55 to $6.37 highlights a controlled digestion of recent gains, rather than a breakdown in bullish momentum. Sustained volume at moderate levels indicates profit-taking rather than renewed selling pressure, a sign of stability in a post-rally environment.

A decisive move above $6.67 could signal the next bullish leg toward $7.00, while a failure to maintain $6.35 would likely result in a retest of $5.79 support.

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.