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

ICP$6.0843 was standing close to $6.03Adding 2.25% in the last 24 hours while remaining locked in a tight consolidation structure that defined its price behavior from last week’s sharp retracement from early November above $9.80.

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

A burst of trading activity before the session – 4.27 million tokens, about 68% above the 24-hour average – accompanied a new attempt to break above $6.66. The move failed to push through the ceiling, reinforcing that band as a key short-term obstacle. Once momentum dissipated, the ICP drifted toward the midpoint of its range, as there was no new catalyst to support the directional follow-through.

The volume thinned out drastically, falling to only 171,000 tokens, with many minutes not registering trades. The dramatic slowdown highlights a temporary balance rather than a decisive shift in sentiment, reflecting the broader structure of the range now governing price action.

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