ICP Price Drops to $2.99 After Failing to Break $3.15 Resistance Level - Market Analysis

The ICP cryptocurrency has experienced a significant price decline, falling to $2.99 after being rejected at the crucial $3.15 resistance level. This technical rejection indicates ongoing selling pressure in the market as buyers failed to push the price above this key psychological barrier. The rejection from $3.15 represents a notable setback for ICP bulls who were attempting to establish higher price levels. Market analysts are closely monitoring whether ICP can find support around current levels or if further downside movement is imminent. This price action demonstrates the importance of resistance levels in cryptocurrency trading and highlights the current bearish momentum facing ICP in the short term.