ICP's Web3 Lead Fails to Boost Price Above $3

Internet Computer (ICP) has taken the lead in Web3 transaction activity, surpassing Solana with 134.5 million transactions in a 24-hour period.

This ranking is significant as it highlights strong on-chain network activity for ICP, but it's essential to note that this doesn't necessarily translate to user adoption or revenue growth.

Despite the impressive transaction numbers, ICP's price continues to struggle below the critical $3 mark, reflecting a recent rejection at the $3.20-$3.40 resistance zone.

The support structure around $2.20-$2.40 is being closely watched as it may provide a foundation for another attempt towards higher resistance levels.