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

Internet Computer (ICP) has been consolidating between a support level of $6.05 and a resistance level of $6.66. A recent attempt to break the resistance saw a significant volume spike of 68%, but it failed to sustain momentum, leading to a sharp decline in trading activity. The token is currently trading 2.25% higher than the previous day, but overall activity has stagnated, highlighting a temporary equilibrium in the market. The trading volume dropped dramatically to 171,000 tokens after the failed breakout, indicating a lack of fresh market catalysts to drive prices higher. Analysts note that the price has remained in a defined corridor after a notable drop from early-November highs above $9.80, which suggests further price action may depend on a resurgence in trading volume and market interest.

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