ICP Rises as Cross-Chain Narratives Gain Attention

ICP Rises as Cross-Chain Narratives Gain Attention

Source: CoinDesk

Published:2025-12-04 16:20

BTC Price:$93078

#ICP #CrossChain #Crypto

Analysis

Price Impact

Med

Icp saw a 1.1% rise with a significant 124% volume surge due to increasing attention on cross-chain narratives. however, it failed to sustain momentum past the $3.83 resistance and is technically constrained within a descending channel.

Trustworthiness

High

The analysis comes from coindesk, a reputable crypto news source, and includes specific technical data and market observations, enhancing its credibility.

Price Direction

Neutral

Despite a brief rally fueled by cross-chain narratives, icp's price action is currently dominated by technical resistance at $3.83 and support at $3.69-$3.70, keeping it range-bound within a descending channel. a lack of fresh participation after the initial volume spike suggests consolidation rather than a clear directional move.

Time Effect

Short

The article focuses on intraday price movements, 24-hour changes, and immediate technical resistance/support levels, indicating a short-term perspective.

Original Article:

Article Content:

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email ICP Rises as Cross-Chain Narratives Gain Attention Internet Computer edged higher as broader market consolidation kept price action pinned to key support and resistance levels. By Jamie Crawley , CD Analytics | Edited by Sheldon Reback Dec 4, 2025, 4:20 p.m. What to know : ICP rose 1.1% to $3.70 and volume surged 124% above average. The token failed to sustain momentum through the $3.83 resistance zone. The price is constrained inside a descending channel, with $3.69–$3.70 acting as key short-term support. ICP $ 3.7516 rose 1.1% in the past 24 hours with volatility dominating price action. The token traded within a 5.5% intraday range, moving between repeated support tests and brief rallies that failed to overcome near-term resistance. according to CoinDesk Research's technical analysis data model. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . A volume expansion defined early trading. ICP saw 1.96 million tokens change hands during the morning — 124% above the 24-hour average — pushing the price briefly toward $3.87 before momentum stalled at $3.83. As the session progressed, price action shifted into steady retracement, with a 2.6% pullback testing the psychological $3.70 level. The decline reflects a clear descending channel that has contained price since the morning high. A 244,000-token spike during the 13:39 UTC move lower underscored persistent supply at higher levels. Despite the pressure, ICP held above the $3.69–$3.70 support zone, preserving its short-term structure. Traders attributed the attention on ICP to cross-chain development narratives across the ecosystem, though immediate market behavior remained technically driven. Positive sentiment around related assets did little to offset the day’s consolidation pattern. The token now sits in a tight range: Buyers continue to defend $3.69–$3.70, while $3.83 remains the level to watch for any attempt at upside continuation. With volume cooling after the morning spike, a breakout from the current channel will likely require fresh participation. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . AI Market Insights Technical Analysis ICP Internet Computer More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. 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