Internet Computer remains under pressure with MACD flashing strong sell signal: weekly analysis

Traders Union
All News
Crypto News
Internet Computer falls 14.32% this week

Highlights

ICP continues to face sustained selling pressure, trading firmly below key moving averages and showing no bullish divergence.
Bearish momentum dominates, with oversold technicals, weak trend strength, and high weekly volatility at 30.19%.
ICP is projected to trade within $2.02–$2.54 next week, with a high probability of further downside unless $2.54 is decisively reclaimed.

Bearish technicals strengthen as downside momentum persists over the week

Technical analysis on the weekly timeframe highlights a bearish outlook, with the price trending under all major moving averages. Momentum indicators reinforce this sentiment: the weekly MACD signals a strong sell, the ADX at 12.85 suggests a weak, non-directional trend, and oscillators, including RSI and CCI, remain in the sell zone. Stochastic RSI shows oversold conditions, Bull/Bear Power confirms seller dominance, and the Awesome Oscillator is neutral, all while volatility is elevated at 30.19%.

Sideways bias favored next week amid elevated volatility and weak signals

Looking ahead to the next 7 days, the most likely scenario is continued choppy, sideways trading within a projected corridor of $2.02 – $2.54, based on high current volatility and persistent bearish signals. There is less than a 20% probability of a sustained upward move, as no major weekly indicators point to bullish momentum. A decisive break above $2.54 could shift sentiment, but this is unlikely without significant buying pressure. Alternatively, another wave of selling could see ICP slip below $2.02 and extend towards new lows.

Parshwa Turakhiya, analyst, sees Internet Computer (ICP) trading under persistent selling pressure after a 14.32% drop this week. With the price stuck below all major moving averages and momentum indicators highlighting continued weakness, he expects further sideways or lower movement within $2.02 – $2.54. No bullish momentum is evident, and oversold readings reflect a wait-and-see attitude among market participants. Turakhiya believes only a decisive move above $2.54 could alter sentiment, but this outcome appears unlikely without a clear shift in demand. "Until price breaks out from this tight corridor, I’m focused on capital protection and not rushing into any bullish setups this week."

Earlier, analysts noted a shift toward bullish momentum for Internet Computer, highlighting increased buyer strength amid limited downside risk. The current outlook, however, signals a return to bearish dominance with elevated volatility, making a sustained move below $2.02 the primary risk to monitor in the days ahead.

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.