ICP Rebounds Above $2.92 to Reverse Some Mid-Week Losses

ICP has bounced back, rising 1.04% to $2.94, reversing some losses from earlier in the week as trading activity increased. This recovery followed a dip below key short-term averages in previous sessions, leading to renewed buying interest among traders. The token formed higher lows at $2.80, $2.89, and $2.92 before reaching an intraday high near $2.98, with trading volume surging 20% above its weekly average. The boost in price reinforces a broader ascending trend, establishing support between $2.89 and $2.92, which could serve as a launchpad for further movement towards the $2.98–$3.00 zone. A close above $3.00 would signify a complete reversal of the week's declines and potentially reintroduce bullish sentiment as the market heads into November.

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