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market, primarily driven by a technical bounce from a key support zone amid ongoing narrative interest in its Web3 infrastructure role.
Primary reason: Technical support hold and bullish momentum indicators, with price rebounding from the 50% Fibonacci retracement level at $2.54.
Secondary reasons: Sustained social discussion framing ICP as a backbone for AI and decentralized internet, though no major catalyst was visible.
Near-term market outlook: If ICP holds above $2.54 support, a retest of $2.80 resistance is likely; a break below $2.49 could see a drop toward $2.40.
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