ICP Token Recovers Above $2.92 After Mid-Week Declines
- ICP climbed by 1.04% to close at $2.94, reversing some losses from earlier in the week.
- The token formed higher lows at $2.80, $2.89, and $2.92 before reaching an intraday high of approximately $2.98.
- Trading volume surged by 20% above its seven-day average, peaking at around 1.39 million units.
- Support for ICP is now established between $2.89 and $2.92, which could lead to a test of the $2.98–$3.00 zone.
- The blockchain maintains a leadership position in transaction throughput among major networks.
The recovery of ICP aligns with improving sentiment across major layer-1 networks as traders seek short-term strength following a volatile October period.
With ICP closing above the key resistance level of $2.92, it sets the stage for potential further gains if it can test and surpass the $3.00 mark again.(Source)
