ICP just clawed back from the edge. Down a nasty 61% over the month, but somehow managed to scrape out a 0.75% gain in the last 24 hours, sitting at $3.44 now.

What's propping it up? Classic oversold bounce territory. RSI hovering around 36—that's deep enough to trigger some relief buying. Plus, it tapped that Fibonacci support at $3.34 and didn't crater further, which gave short-term traders something to work with.

But here's the twist: Chain Fusion buzz is actually doing some heavy lifting. The tech allows ICP to bridge with other chains natively, and that narrative's getting traction again. Not enough to erase the bloodbath, but enough to spark a surprise pop when everyone thought it was dead money.

Still, don't mistake a bounce for a reversal. Technicals look temporarily stabilized, but sentiment's still fragile. One wrong headline and that support turns into resistance real fast.