Internet Computer faces continued seller control with bearish signals and weekly support at $2.44 in focus

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Internet Computer rises 0.95% this week

Highlights

ICP trades at $2.46, below the MA-20 ($3.00), MA-50 ($3.19), and MA-200 ($4.20), reflecting persistent bearish pressure across timeframes.
Technical momentum remains weak, with both the MACD and ADX signaling a sell and RSI at 33.72 indicating bearish but not oversold conditions.
ICP is expected to consolidate between $2.44 and $2.95 over the next five days, with less than a 20% probability of a price increase.

Persistent bearish technical signals as momentum falters this week

On the weekly chart, ICP is firmly below all notable moving averages, confirming sustained downward pressure. Weekly technical indicators show bearish momentum, with the RSI W1 at 33.72 staying in a bearish but not oversold zone, signaling persistent weakness. Weekly support is identified at the recent low near $2.44, while dynamic resistance lies at the $3.41 Ichimoku Kijun; additional resistance is clustered near $2.95 — $3.00. Momentum oscillators such as the weekly MACD and ADX reinforce the bearish trend, with weekly oscillators maintaining negative signals.

Sideways-to-lower bias expected as weak momentum constrains ICP

Looking ahead to the next five to seven trading days, ICP is likely to consolidate in the $2.44 — $2.95 range, with sellers maintaining control unless there is a significant technical breakout. The current weekly indicators leave little room for a sustained rebound, as the probability of a notable price increase is low. The baseline scenario anticipates continued sideways to downward price action unless ICP can regain ground above $2.95, which would be needed to challenge resistance at $3.41. Persistent bearish signals suggest any rallies will face headwinds, and another test of weekly support at $2.44 remains possible if weakness endures.

Sholanke Dele, market strategist, believes ICP’s weekly close below key moving averages shows a sustained lack of confidence in the asset. He sees weak momentum persisting, with sellers maintaining firm control and few catalysts for a reversal. The price is at risk of testing support at $2.44 if bearish pressure holds, and rallies will likely be capped below $2.95. "Base case remains sideways or lower — as long as ICP trades under $2.95, I see little reason to expect any rebound this week."

Last time, analysts noted that Internet Computer (ICP) remains under persistent bearish pressure, trading well below key moving averages across all timeframes even amid a notable daily rebound. Technical indicators including RSI, MACD, and various oscillators reflect pronounced oversold conditions and muted momentum, while immediate resistance is identified around $3.51 and intraday action continues to favor sellers.

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

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