Overview
- ICP traded in a tight $3.60–$3.70 range on Dec. 11 after a multiday slide brought it to a $3.48–$3.55 support cluster.
- Trend signals remain weak with price below the 9- and 20-day EMAs, a negative MACD and an RSI near oversold, though selling pressure appears to be easing.
- Order-book data show sizable bids below current levels and notable ask walls overhead, setting near-term support and resistance.
- Analysts say a hold at support could spark a move toward mid-range resistance, while a clean break below the bid wall could invite a retest of November lows.
- CoinDesk reported a 5% drop to $3.4945 on Dec. 10 with lows near $3.4782, roughly 2.6 million tokens in volume and about 8% intraday volatility.