“The token climbed to nearly $4.30 late on Sunday, before tracking downward throughout Monday.”, — write: www.coindesk.com
ICP climbed to nearly $4.30 late on Sunday, before tracking downward throughout much of Monday. Trading volume reached 8.7 million tokens, approximately 70% above the daily average, confirming that the retracement was driven by strong participation rather than low-liquidity drift, according to CoinDesk Research’s technical analysis data model.
ICP fell to $3.70 by the late European morning before climbing back above $4 over the next two hours. This rally however faltered and ICP tracked back to $3.70. The day’s wide $0.58 range represented nearly 15% intraday volatility, underscoring the persistent tug-of-war between bullish accumulation and profit-taking.
Despite the setback, the broader uptrend structure remains intact as long as ICP holds above $3.70, which now represents an important pivot level for short-term direction. A recovery back above $3.95 could restore bullish confidence and open a path toward $4.10–$4.15, while a break below $3.70 may trigger further downward pressure into the $3.60 range.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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XLM steadies after a sharp 5.5% sell-off, with traders watching the $0.277 level as the critical line between recovery and renewed downside pressure.
- Stellar’s price rebounded from a $0.277 low after heavy liquidation, confirming the level as pivotal short-term support.
- Volume surged 887% during the breakdown before normalizing, hinting at short-term stabilization.
- XLM faces strong resistance at $0.3014, with consolidation near $0.281 suggesting a balanced but fragile market.
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