ICP Hovers Around $3.20 Resistance With 115% Volume Surge

Internet Computer Protocol (ICP) advanced strongly Tuesday, jumping 1.6% to $3.22 as the token broke through the $3.20 resistance zone.

Trading volume spiked to 1.26 million tokens, representing a 115% increase over the 24-hour average, according to CoinDesk Research’s technical analysis data model.

The rally began around 03:00 UTC, with ICP posting three consecutive higher lows through 12:00, setting up a momentum-driven move that carried prices to an intraday peak of $3.23 before consolidating slightly lower near $3.22.

ICP dropped back during the U.S. morning to trade just below the $3.20 mark.

The session’s trading range of $0.10 reflected 3.1% intraday volatility, consistent with a healthy breakout move rather than speculative whipsawing.

Its technical structure now shows horizontal support solidifying between $3.16–$3.17, a key zone that previously acted as resistance. Sustained price action above $3.20 would point toward a prior ceiling flipping to a new floor.

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.