Internet Computer selloff: Can ICP avoid deeper losses?

Traders Union
All News
Crypto
Internet Computer drops 7.06% today

Highlights

Internet Computer's market capitalization stands at $1.53 billion, indicating its current scale within the crypto sector.
No recent protocol updates or corporate actions were reported for Internet Computer, leaving market activity unaffected by fundamental news.
ICP/USD has dropped 7.06% to $2.59, trades below key short-term averages, and is projected to fluctuate between $2.45 and $2.66 with strong bearish momentum prevailing.

Market cap highlights stability as sentiment shifts to technical drivers

Internet Computer's market capitalization was reported at $1.53 billion, reflecting its current position and liquidity profile within the broader crypto landscape, according to DiarioBitcoin. While this standing highlights the network's scale, it does not indicate any recent corporate developments or new actions by the protocol. Market sentiment may therefore be driven mainly by technical and sector-level factors though price action has remained under broader selling pressure.

Persistent bearish bias as indicators confirm short-term exhaustion

On the h1 timeframe, ICP is trading below the MA-20 and MA-50, illustrating persistent short- and medium-term selling pressure, while it continues to hold above the MA-200, which acts as a longer-term support. The Ichimoku Kijun sits at $2.70, forming immediate resistance. Momentum indicators suggest a bearish bias: MACD remains on Sell, ADX stays Neutral, and RSI records a deeply oversold reading at 27.96. Both Stoch RSI and CCI confirm oversold conditions, revealing short-term exhaustion, while Bull/Bear Power supports seller dominance and the Awesome Oscillator points toward a prevailing downtrend.

Downside risk grows as reversal odds remain limited

Over the next two to three sessions, ICP/USD is forecast to fluctuate within a $2.45 to $2.66 volatility band relative to current levels. The likelihood of an upward reversal is assessed as very low, while further downside is highly probable. The baseline scenario anticipates consolidation between immediate support and resistance; a decisive break above $2.70 may open a bullish swing, whereas a convincing move below $2.45 would trigger additional near-term weakness.

Viktoras Karapetjanc, expert at Traders Union, notes that Internet Computer’s $1.53 billion market capitalization signals continued relevance in the crypto landscape, but he sees no new fundamental drivers behind the recent price action. Karapetjanc believes current sentiment and technical patterns are dominating the short-term outlook as broader selling persists. In his view, the market is focused on sector trends rather than protocol-specific developments. "While conditions remain challenging, strong long-term fundamentals suggest ICP could recover if sector sentiment improves," he says.

Earlier, analysts noted that Internet Computer had established a recovery trend with strong buyer momentum and a positive technical outlook. Current market conditions, however, now signal a shift to downside risk, with traders advised to watch the $2.45 level for potential further weakness in the near term.

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.