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

ICP rose 1.04% to $2.94, recovering from earlier declines as trader sentiment strengthened. The increase was accompanied by a 20% rise in trading volume above its weekly average, signaling renewed interest. Key resistance at $2.92 was broken, suggesting potential upward movement towards $3.00. The token experienced higher lows throughout Thursday, opening at $2.80 and reaching an intraday high of nearly $2.98. This recovery reflects improving sentiment among major layer-1 networks as traders seek short-term gains after a tumultuous October. The blockchain's strong performance in transaction throughput against its peers has also contributed to the positive outlook. Holding the recent gains indicates a solid support level between $2.89 and $2.92, possibly allowing for another push towards the $2.98–$3.00 resistance zone, a critical threshold for turning bullish momentum as November approaches.

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