ICP has declined by 5% in the past 24 hours, falling to $3.4945 and breaking several short-term support levels. The token, which briefly reached $3.7605, experienced an 8% intraday volatility with a $0.28 price fluctuation. Trading volume hit 2.6 million tokens, peaking during a sharp sell-off after 00:00 UTC on Wednesday. The decline pushed ICP below $3.55, erasing the previous day's gains and reinforcing its downward trend. The price stabilized between $3.50 and $3.55 before closing lower at $3.4782. Analysts are monitoring whether ICP can maintain above the $3.45–$3.50 range, a critical support level since early December.