ICP Price Range Breakdown: Identifying Key Support and Resistance Levels

The icp range is currently forming a critical technical structure that traders should monitor closely. With the latest ICP price at $3.01, the coin has pulled back from earlier resistance zones and is now establishing a well-defined trading range that offers multiple opportunities for both directional and range-bound strategies.

Understanding the ICP Range Structure and Recent Price Action

Internet Computer (ICP) rallied from the 3.51 support level but encountered significant selling pressure around the 3.78–3.80 zone. The inability to sustain momentum above this area signals a failed breakout attempt, typically followed by a corrective pullback as momentum deteriorates. This rejection pattern is a classic indication of short-term exhaustion after a relief bounce. The 3.78 level has established itself as a powerful supply zone—a barrier where sellers consistently press price lower.

The current icp range appears well-defined, with clear boundaries that favor further downside corrections as long as price remains trapped below 3.82. A lower high is forming at around 3.69, indicating that buyers are losing conviction despite the earlier rally. This type of structure historically precedes another push toward previous demand levels.

Support and Resistance: Where ICP Finds Balance

The key support zone lies in the 3.55–3.50 range, representing a critical floor for ICP price action. If this level breaks decisively, further weakness could emerge. The 3.78 resistance remains the most significant overhead supply zone—reclaiming and holding above 3.82 with strong follow-through is the only invalidation point for a bearish bias. This invalidation scenario would suggest a regime shift and eliminate short-term correction expectations.

Traders should recognize that price action within this defined icp range creates predictable patterns: rebounds from support face selling into resistance, and breaks below support signal accelerated downside moves toward the next demand zone.

Short Trade Setup Within the ICP Trading Range

For traders seeking short-term positioning within this established icp range, a scalp trading plan offers attractive risk-reward dynamics:

Entry Zone: 3.70 – 3.78 (targeting the resistance rejection area)

Take Profit Targets:

• TP1: 3.60 (initial profit target)
• TP2: 3.52 (extended profit target near support zone)

Stop Loss: 3.86 (above the invalidation level to protect against false signals)

Leverage and Margin: 20x – 40x leverage with 1% – 3% margin allocation

Risk Management and Capital Preservation

Successful trading within the icp range requires disciplined risk management. Traders should implement a partial profit-taking strategy: close half positions at TP1 (3.60) and immediately shift the stop loss to breakeven or entry level to eliminate downside risk on remaining positions. This approach locks in gains while allowing upside participation if momentum continues.

The critical level at 3.82 acts as a hard boundary—if ICP closes above this with sustained buying volume, the entire bearish case for the icp range corrects, and traders should reassess their directional bias. Until then, the range-bound structure favors selling into resistance and buying into support with tighter risk parameters.