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

Internet Computer (ICP) has been experiencing a period of consolidation, maintaining its trading range between key support at $6.05 and resistance at $6.66. After a spike in volume, where ICP saw a 68% increase during a failed attempt to break the $6.66 resistance, trading activity has declined significantly. This lack of momentum combined with periods of no trading activity suggests a temporary equilibrium in the market. The token has gained 2.25% over the past 24 hours, although it remains constrained within the established price corridor, which has historically hindered upward movement. As traders continue to await a substantial volume-driven directional move, the future of ICP's price action remains uncertain, often influenced by market catalysts that could emerge.

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