Internet Computer trades near $2.88 support amid volatility in persistent downtrend

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Internet Computer drops 7.7% today

Highlights

ICP trades below key short-term and medium-term moving averages, reinforcing prevailing bearish momentum in the near term.
Momentum indicators show sustained sell pressure, with oversold technical signals but conflicting short-term oscillator readings.
ICP is projected to consolidate between $2.88 and $3.12 over the next 2 to 3 days, with a 76% probability of a downward continuation.

Bearish momentum persists as resistance strengthens amid volatility

On the technical side, ICP is trading below both the MA-20 ($3.14) and MA-50 ($3.18) on the h1 chart, while remaining above the MA-200 ($2.46) from the daily timeframe. The immediate resistance is marked by the Ichimoku Kijun level at $3.15. Momentum remains bearish, with both MACD and the Awesome Oscillator in sell mode and ADX showing a neutral setup. RSI is currently in the sell zone at 39.5, CCI signals a potential oversold condition, and Stoch RSI presents a conflicting strong buy. Bull/Bear Power indicates sellers remain dominant intraday, as price action trends near the session low with elevated volatility.

Sideways bias prevails as breakout risks concentrate near support

Over the next 2–3 trading days, ICP is forecast to consolidate within a $2.88 to $3.12 band, with typical volatility expected relative to current levels. The probability of an upward breakout towards $3.15 resistance is 24%, while a continuation move down through $2.88 support carries a 76% likelihood. The baseline scenario remains sideways movement unless these key levels are breached, which could push the asset into a new directional phase.

Viktoras Karapetjanc, expert at Traders Union, sees ongoing volatility for Internet Computer (ICP) as it continues to consolidate below key short- and medium-term technical markers. He notes that the lack of news flow leaves sentiment neutral, with no fundamental or macro catalysts shifting the outlook. The analyst highlights strong seller dominance and heavy intraday volatility, but maintains a positive bias given ICP remains above its long-term moving average. "If ICP can hold support near $2.88, I am constructive over the coming days for a potential move back toward $3.15 resistance."

Earlier, analysts noted that profit-taking across major digital assets has remained moderate even amid strong rallies, suggesting that overall market distribution is contained. The latest technical signals for Internet Computer indicate a predominance of downside risk, making the $2.88 support level a critical area for traders to monitor in the coming sessions.

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.