Internet Computer climbed above $3 on January 2 as trading volume increased 17% over 24 hours.
The token gained approximately 12% to trade around $3.02.
ICP broke through resistance near $2.95-$3.00 that had previously acted as both support and resistance.
The advance extended a short-term recovery that began from the upper $2.80s range earlier in the week.
What Happened
ICP cleared the psychological $3 threshold after building higher lows over recent sessions.
Trading volume reached approximately $169 million in 24 hours, representing a 17% increase from the previous day.
The price stabilized just above $3 following the breakout.
Technical resistance sits at $3.05-$3.10 where selling interest previously emerged.
Support established near $2.95 during recent pullbacks.
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Why It Matters
The $3 level represents a closely watched psychological threshold for ICP traders.
Sustained trading above this level could signal improving short-term momentum for the token.
Internet Computer's market capitalization stands at approximately $1.65 billion, ranking it among the top 45 cryptocurrencies.
The protocol positions itself as a decentralized cloud blockchain designed to host applications and websites fully on-chain.
ICP uses a burn-based model where tokens are consumed to pay for computation on the network.
The price remains down more than 99% from its May 2021 all-time high near $700 following its initial launch.
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