Internet Computer falls for the week with technicals signaling continued pressure and no signs of reversal

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Internet Computer falls 3.95% this week

Highlights

ICP trades at $2.07, remaining below the MA-20 ($2.38), MA-50 ($3.00), and MA-200 ($3.99), reflecting persistent selling pressure across all timeframes.
Momentum indicators including MACD, ADX, RSI (31), and CCI all confirm a bearish outlook, though several oscillators indicate near-oversold conditions without signaling reversal.
ICP's expected price range for the next five trading days is $1.85 to $2.45, with a bearish bias unless price surges above $2.45–2.66; a drop below $1.85 risks further capitulation.

Bearish momentum persists this week as indicators near extreme readings

Weekly technical analysis signals ongoing weakness for ICP. The asset has failed to find near-term support from major moving averages, while the closest resistance lines up with the Ichimoku Kijun at $2.66. Momentum indicators, including MACD and ADX, point to seller dominance, with W1 RSI and the Stochastic RSI both near oversold territory, highlighting exhaustion but lacking a tangible reversal signal. Additional signals from the CCI and Bull/Bear Power continue to confirm bearish momentum, while the Awesome Oscillator remains neutral.

Downside risk prevails for next week as bearish range anchors outlook

Looking ahead to the next five to seven trading days, ICP is forecast to trade within a $1.85 to $2.45 range, anchored by persistent weekly bearish signals. The probability of a price increase is low (under 20%), making further downside most likely, with consolidation expected near current lows. A bullish reversal would require a break above $2.45 – $2.66, while a drop below $1.85 could open the way for additional selling and potential capitulation.

Jainam Mehta, market strategist, sees ICP under persistent technical pressure this week, with price action weighed down by weakness across all major moving averages. Momentum and oscillator signals underscore a lack of buying conviction, while oversold readings hint at trader fatigue rather than a clear turn. He believes that as long as price remains capped below resistance at $2.66, consolidation or further downside is more probable, though contrarian traders might watch for signs of a volatility squeeze. "Unless ICP reclaims the $2.45–$2.66 zone in the coming week, I expect sellers to remain in control and prefer risk-managed strategies near the current lows."

Previously it was reported that Internet Computer is trading with pronounced bearish momentum, remaining below key moving averages and facing persistent selling pressure as technical indicators—including MACD and RSI—reinforce a negative bias. Immediate resistance is identified near $2.35–$2.70, with risk skewed to further downside should current volatility levels break to the downside.

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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