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ICP$ 6.3749 eased in the last 24 hours, slipping 0.65% to $6.30 as the token entered a controlled consolidation phase following its recent rally. The price fluctuated within a $0.95 range, representing nearly 15% intraday volatility, while maintaining its broader technical structure above critical short-term support levels, according to CoinDesk Research's technical analysis data model. STORY CONTINUES BELOW Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today . See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy. Trading volume rose, registering 18% above the 30-day average, a signal of steady institutional participation. The most pronounced activity occurred around 09:00 GMT, when turnover spiked to 4.93 million ICP, roughly 77% above the 24-hour mean, as prices tested the $6.67 resistance zone. ICP’s price action reflects measured consolidation after a 235% rally last week. The token’s declining hourly structure from $6.55 to $6.37 highlights a controlled digestion of recent gains, rather than a breakdown in bullish momentum. Sustained volume at moderate levels indicates profit-taking rather than renewed selling pressure, a sign of stability in a post-rally environment. A decisive move above $6.67 could signal the next bullish leg toward $7.00, while a failure to maintain $6.35 would likely result in a retest of $5.79 support.
