Internet Computer (ICP) rises back to $3 as short-term momentum improves

ICP $ 3.0110 moved higher over the past 24 hours, gaining roughly 3% to trade around $3.013 after climbing as high as $3.03.

The advance extended a short-term recovery that began from the upper $2.80s, with the price gradually building higher lows before clearing the psychological threshold of $3.00, according to CoinDesk Research's technical analysis data model.

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The move through $3.00 was accompanied by an increase in trading activity, suggesting renewed engagement as ICP challenged an area that has recently acted as both support and resistance.

Focus now switches to that level as a near-term support. A sustained hold could open room for further tests toward the $3.05–$3.10 area, where prior selling interest has emerged. Conversely, a slip back below $3 would shift attention to the $2.95 zone, which has recently served as a base during pullbacks.

For now, ICP’s ability to remain above $3 keeps the short-term bias constructive, with traders watching volume and follow-through to gauge whether the move develops into a broader push higher or settles into range-bound trading.

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.