-8.23% for Internet Computer — sellers control as key supports tested

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Internet Computer falls 8.23% to $2.80

Highlights

ICP is trading at $2.80, significantly below the MA-20 ($3.58), MA-50 ($3.29), and MA-200 ($4.35), reflecting sustained bearish pressure.
Momentum indicators including MACD, ADX, and Awesome Oscillator all confirm a strong bearish trend, with both RSI and Stochastic RSI indicating the asset is deeply oversold.
ICP faces dynamic resistance at the Ichimoku Kijun ($3.88), with likely range-bound movement between $2.65 and $3.01 over the next five sessions and low probability (<20%) of a sustained upside move.

Firm selling momentum as volatility and oversold signals converge

Momentum remains firmly negative, as signaled by both the MACD and the ADX, with the MACD showing a clear Sell and the ADX confirming weak trend strength. The RSI and Commodity Channel Index readings indicate oversold conditions, while the Stochastic RSI also sits at zero, showing strong oversold signals. Bull/Bear Power points to seller dominance, and the Awesome Oscillator aligns with the prevailing bearish trend. Today’s session opened a touch lower after the previous close, with the price now near the daily low following a drop of 8.23%. Intraday volatility has been high, and tone remains under pronounced pressure after the open.

Bearish bias prevails as upside breaks remain unlikely

For the next five trading days, the likely trading range for ICP is $2.65 to $3.01. The probability of a price increase is very low (less than 20%), making a further decline much more likely. In the baseline scenario, the price should remain range-bound between $2.65 and $3.01. A bullish scenario would require a confirmed breakout above resistance at $3.01 — $3.10, while a bearish development could take the price down toward or below $2.65 if selling intensifies.

Viktoras Karapetjanc, expert at Traders Union, sees sustained pressure on Internet Computer (ICP) as technical signals and volatility remain overwhelmingly bearish. He notes that with ICP below every major moving average and no fresh news flows, sellers clearly dominate both sentiment and price action. Karapetjanc remains constructive on recovery potential if sentiment turns, but for now sees little probability for a reversal. In his view, the range near $2.65 to $3.01 should hold unless selling intensifies. "If confidence returns to the broader crypto market, ICP could stabilize quickly — until then, I expect cautious consolidation to continue."

Last time, analysts noted that Internet Computer continues to trade below all key weekly moving averages, with price action and indicators such as MACD and RSI reflecting a firmly bearish to neutral trend and prevailing downside momentum. Technical signals suggest weak conviction from both buyers and sellers, with the price likely to remain rangebound amid unresolved momentum and fragile support near $3.15.

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.