Internet Computer: technical hurdles and strong selling drive a 3.45% decline

Traders Union
All News
Crypto News
Internet Computer slides 3.45% today

Highlights

ICP trades at $4.28, well above the MA-20 ($3.28) and MA-50 ($3.33) but just below the MA-200 ($4.46), signaling a short- and medium-term uptrend.
Momentum is mixed as the daily MACD favors buying, while the RSI (67.67), Bull/Bear Power, and CCI all indicate overbought conditions amid intraday weakness and a 3.45% daily drop.
ICP is likely to range between $4.10 and $4.50 over the next five days, with probability of a further rise assessed at less than 20%.

Mixed momentum and resistance shape volatile intraday weakness

The nearest dynamic support is set at the Ichimoku Kijun ($3.79), while resistance comes in at the MA-200 ($4.46). Momentum signals are mixed: the daily MACD favors buying, but the ADX suggests a neutral trend with weak strength. The RSI is near overbought (67.67), and both Bull/Bear Power and CCI confirm overbought conditions, showing buyers continue to dominate. The Stochastic RSI signals strong selling pressure, and the Awesome Oscillator supports bullish momentum, but the price action today reveals intraday weakness as sellers press the price down after the open, with moderate volatility.

Consolidation favored as breakout odds remain low

In the short term, ICP is likely to trade within a typical volatility band of $4.10 to $4.50, consistent with recent price action. The probability of a further rise above current levels is low (less than 20%), making a downside move more likely based on weekly RSI, MACD, ADX, and long-term moving averages. In the base scenario, expect ICP to consolidate between $4.10 and $4.50 as buyers and sellers balance their positions. A breakout above resistance at $4.50 could trigger a test of higher levels, while a decline below $4.10 may prompt further selling toward dynamic support near $3.80.

Anton Kharitonov, expert at Traders Union, sees Internet Computer (ICP) maintaining a clear short- and medium-term uptrend above key moving averages, but long-term signals remain bearish. He notes that overbought conditions and mixed momentum indicators limit near-term upside, with the probability of a breakout above $4.50 below 20%. The base case is a sideways move between $4.10 and $4.50, with sellers likely to dominate if support breaks. "Until we see a clean breakout above the $4.50 resistance zone, I remain defensive and expect further consolidation or downside," he says.

Previously it was reported that Internet Computer (ICP) is sustaining bullish momentum above short- and medium-term moving averages, with technical signals indicating strong buying activity near key resistance at the MA-200 and overbought conditions visible across the RSI, Stochastic RSI, and CCI. While the daily MACD remains positive and buyers dominate intraday, weak ADX trend strength and proximity to resistance suggest limited upside with potential for near-term consolidation or a pullback if support levels are breached.

Source of Data: ICP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.