Internet Computer price outlook: Bearish momentum keeps downside risks elevated

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Internet Computer slides 7.28% to $2.74

Highlights

ICP/USD trades below short- and medium-term moving averages but holds above longer-term support, maintaining a bearish bias.
Bearish momentum dominates as key indicators enter oversold or sell territory, with no strong divergence from recent price action.
ICP/USD is expected to consolidate in a $2.66 to $2.91 range in the coming days, with downside risk prevailing unless resistance at $2.87 is broken.

Bearish momentum pressured by oversold signals and key supports

On the hourly chart, ICP/USD is trading below both its MA-20 and MA-50, indicating continued downward pressure in the short and medium term. On the daily timeframe, the price remains above the MA-200, which continues to act as a longer-term supportive level, with immediate resistance found at the Ichimoku Kijun set at $2.87. Momentum metrics are bearish — both MACD and ADX signal sell conditions, while RSI has dropped to 30.93 and CCI has also pushed into sell territory, suggesting the pair is nearing oversold levels. Stochastic RSI remains neutral, Bull/Bear Power continues to favor sellers, and the Awesome Oscillator is neutral, with no significant divergences noted between indicators and recent price action.

Bearish scenario favored as downside risks outweigh rebound

Over the coming two to three trading days, ICP/USD is expected to consolidate between $2.66 and $2.91, consistent with the current volatility band. The likelihood of an upward move remains very low, while chances of a downward move are substantially higher. A sustained bullish reversal would require a break above the immediate resistance at $2.87, but a bearish scenario could quickly develop if support at $2.66 is breached.

Viktoras Karapetjanc, analyst at Traders Union, sees Internet Computer under steady pressure as key momentum and trend indicators remain bearish. He notes the lack of supporting newsflow and the bearish sentiment reflected by technicals. Karapetjanc maintains a constructive outlook due to the asset’s resilience above its long-term averages. However, he acknowledges the probability of further downside in the short term unless immediate resistance at $2.87 is reclaimed. "As long as Internet Computer holds above $2.66, I am watching for positive signals, but for now, patience is warranted in this consolidation range."

Earlier, analysts noted that Internet Computer was under sustained selling pressure, with downside risks dominating the technical outlook. The current analysis reinforces this prevailing scenario, highlighting the importance of the $2.66 support as the critical level traders should monitor for potential further declines.

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.