Internet Computer (ICP) Advances as Consolidation Holds Below $6.66 Resistance Price

ICP$5.8496 hovered near $6.03, adding 2.25% in the past 24 hours while remaining locked in a tight consolidation structure that has defined its price behavior since last week’s sharp retracement from early-November highs above $9.80.

Despite the advance, ICP continues to trade within a well-established corridor between $6.05 support and resistance at $6.66, levels that have repeatedly capped momentum throughout the past year, according to CoinDesk Research’s technical analysis data model.

A burst of trading activity early in the session — 4.27 million tokens, roughly 68% above the 24-hour average — accompanied a renewed attempt to break above $6.66. The move failed to push through the ceiling, reinforcing that band as a key near-term obstacle. Once momentum faded, ICP slipped back toward the midpoint of its range as no fresh catalysts emerged to support directional follow-through.

Volume then thinned sharply, falling to just 171,000 tokens, with several minutes recording no trades. The dramatic slowdown underscores a temporary equilibrium rather than a decisive shift in sentiment, reflecting the broader range-bound structure now governing price action.

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