-7.22% for Internet Computer — sellers dominate as $2 support is tested

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Internet Computer slides 7.22% today

Highlights

ICP trades at $2.20, well below the MA-20 ($2.50), MA-50 ($3.07), and MA-200 ($4.05), indicating sustained bearish momentum across all timeframes.
Momentum remains negative with daily MACD on strong sell, ADX at 23.26, RSI at 32.55, and CCI at -101.46 suggesting oversold conditions may develop.
Expected five-day range is $1.98–$2.38, with more than 80% probability of further declines; key resistance is $2.38–$2.40, support at $1.98.

Technical signals weaken as major supports collapse

ICP faces continued pressure after failing to hold above any major moving average. The nearest dynamic resistance is the Ichimoku Kijun at $2.78, with immediate support near the current round-number levels. The daily MACD issues a strong sell, while ADX at 23.26 suggests the downtrend is developing but not at an extreme. RSI at 32.55 with CCI at -101.46 signal the approach to oversold territory, and Stochastic RSI is neutral on the daily but oversold on most intraday timeframes. Bull/Bear Power is negative, showing steady seller dominance, while the Awesome Oscillator remains neutral and non-committal.

Downside risk prevails as price approaches volatility band floor

In the short term, ICP is expected to trade within a volatility band between $1.98 and $2.38, reflecting recent price swings. There is a very high probability of further downside, as selling pressure remains significant and technical momentum is bearish. Should sellers force a break below $1.98, new lows could follow. A recovery above $2.38 – $2.40 would suggest early bullish momentum, but strong resistance is likely near the Ichimoku Kijun.

Viktoras Karapetjanc, expert at Traders Union, sees the current ICP price weakness as technically driven in the absence of fresh news. He believes macro conditions and sentiment are still unfavorable, given persistent selling pressure and clear dominance of bears. The analyst expects volatility to remain high, with downside risk likely if $1.98 breaks. However, Karapetjanc remains optimistic that recovery above $2.38 could spark the first signs of a bullish reversal. "If ICP can reclaim levels above $2.38, optimism may quickly return and attract new buyers back into the market."

Previously it was reported that Internet Computer remains under broad selling pressure, trading below all major weekly moving averages and with key momentum indicators, including RSI and MACD, signaling a persistent bearish trend. The asset is expected to consolidate within a defined range as resistance strengthens overhead and limited upside momentum suggests a low probability of a near-term reversal.

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.