ICP Stalls at $3.50 as Social Sentiment Cools

After hitting its recent high of $3.48, Internet Computer (ICP) has been struggling to break through the resistance near $3.50. This comes as a surprise, considering the cryptocurrency has already made a significant recovery of around 60% from its August low near $2.05.

The buying momentum started in September, and ICP reclaimed the $2.60 price level before crossing the $3 mark and climbing towards its current high. However, the latest candle shows some resistance near the $3.48 area, causing traders to question whether the rally will continue.

But it's not just the price action that's telling a story, social sentiment is also cooling down. While online discussion became more positive as ICP climbed through September, enthusiasm has since cooled, with the indicator dropping slightly below neutral even while the price continues to rise.