ICP Price Consolidation Continues After Strong Rally

After a strong rally earlier this week, Internet Computer's price has entered a period of consolidation. Over the past two days, ICP has traded within a narrow range as the market digests its gains from the previous session.

The sharp rally on April 8 was driven by macro developments, including a surprise ceasefire between the US and Iran, which pushed Bitcoin and the total crypto market sharply higher. Several altcoins, including ICP, recorded double-digit gains during this period.

However, with no new ICP-specific catalysts emerging over the past 48 hours, the market has shifted into a consolidation phase. This is a natural process after a strong move, where traders wait for fresh buying pressure to establish a new trend.