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

Internet Computer (ICP) is currently trading within a narrow range, positioned between key support at $6.05 and resistance at $6.66. Following an early high-volume breakout attempt that resulted in a 68% spike during a test of the $6.66 resistance, the momentum has stalled, leading to a significant decline in trading activity. The lack of fresh catalysts has left ICP fluctuating around its midpoint, with no strong directional move in sight. While ICP has experienced a slight increase of 2.25% over the past 24 hours, it remains constrained by the established corridor that has limited price movement for several months. The overall trading volume has also diminished sharply, indicating a pause in trader interest and reflecting a temporary equilibrium rather than a significant shift in market sentiment.

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