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

Internet Computer (ICP) is currently experiencing a consolidation phase, trading within a narrow range defined by key support at $6.05 and resistance at $6.66. Despite a significant volume spike of 68% above the average during a recent attempt to break past the $6.66 resistance, ICP could not maintain the momentum and has stabilized back within the established corridor. As trading activity sharply decreased, with some periods seeing no trades at all, it is evident that market sentiment is currently balanced rather than decisive. The price has increased 2.25% over the past 24 hours but remains in a range-bound structure after a sharp decline from early November highs above $9.80. Traders are now waiting for a volume-driven move to determine the future direction of ICP.

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