ICP slides to new seven-day lows amid sellers’ dominance in Bull/Bear Power: weekly report

Traders Union
All News
Crypto
Internet Computer falls 4.19% this week

Highlights

ICP remains under sustained bearish pressure, trading below all major moving averages on both daily and weekly timeframes.
Momentum and oscillators, including MACD and RSI, all signal a continued downtrend with no signs of reversal.
ICP is expected to consolidate between $2.27 and $2.41 over the next week, with a strong likelihood of further declines unless $2.41 is decisively broken to the upside.

Downtrend signals persist as indicators confirm weak momentum this week

Weekly technical analysis confirms a predominant downtrend for ICP, with the price held beneath all major weekly moving averages and strong resistance at the MA-20. Momentum indicators on the weekly chart, such as MACD and ADX, reinforce a 'Strong Sell' stance with weak directional strength, while RSI, Stochastic RSI, and CCI suggest bearish to neutral sentiment. ICP's volatility remains elevated at 7.76%, and Bull/Bear Power shows sellers dominating the market.

Sideways consolidation expected with bearish bias in the coming week

For the next seven days, ICP is expected to consolidate in a narrow band between $2.27 and $2.41, with a bearish bias and less than a 20% probability of a bullish reversal according to key W1 indicators. The baseline scenario anticipates a continuation of sideways movement near weekly lows, while a decisive break above $2.41 would be needed for bullish momentum to emerge. If ICP slips below $2.27, further losses are likely in the short term.

Viktoras Karapetjanc, expert at Traders Union, sees that Internet Computer (ICP) stayed under strong bearish influence this week, consolidating below key weekly moving averages and showing no signs of major news-driven sentiment changes. He notes that momentum and volatility both point toward continued pressure from sellers, but maintains a constructive outlook as the broader crypto market searches for stability. Karapetjanc expects ICP to consolidate between $2.27 and $2.41, with limited chances for an immediate bullish reversal but sees a setup forming if resistance gives way. He believes that sideways trading near these lows may present opportunities for proactive investors seeking rebound potential. "A decisive breakout above $2.41 could shift sentiment quickly, so I am closely watching for catalysts that could energize ICP’s next move."

Earlier, analysts noted that Internet Computer was experiencing persistent bearish pressure with limited signs of recovery. The latest technical picture reinforces this outlook, suggesting that traders should watch for a potential retest of weekly lows, with any break below $2.27 likely to accelerate downside momentum.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.