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

Internet Computer (ICP) is currently trading in a tight range as it attempts to consolidate below the key resistance level of $6.66. Recent trading activity showed a 68% spike in volume during an attempt to breach this resistance, but the upward momentum failed, reinforcing it as a significant hurdle. Currently, ICP is fluctuating between established support at $6.05 and resistance at $6.66 after retreating from earlier November highs of $9.80. Despite a recent 2.25% increase within the past 24 hours, trading volume has declined sharply, indicating a temporary equilibrium without fresh catalysts driving the price action. This lack of momentum suggests that traders are awaiting a volume-driven movement to establish a clearer direction for the asset in the near term, as ICP continues to navigate its well-defined corridor of price behavior.

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