$ICP has been showing some life again, climbing around 10% in the last 24 hours and holding above $3.85 after testing lows near $3.49. The recent bounce looks like a short-term reaction to oversold conditions rather than a confident breakout. Volume has picked up noticeably, which suggests traders are trying to catch momentum, but the resistance zone around $4.30–$4.35 is already proving stubborn. If ICP can close a daily candle above that range, it might push toward $4.60 or even $5, but that would need broader market support, not just local enthusiasm.
Still, there’s a disconnect between the chart and the long-term fundamentals. Despite being a Layer-1 project with a decent ecosystem, $ICP often moves like a speculative altcoin instead of a serious network token. The market doesn’t seem to price in its tech potential yet, which might be justified given its track record of hype and underdelivery. If momentum fades before $4.30 breaks, a pullback toward $3.60 is likely. Overall, it’s in a volatile spot: tempting for short-term traders, but still unconvincing for anyone looking for sustained strength.
