ICP faces resistance at MA-50 with momentum signals remaining bearish: weekly analysis

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Internet Computer slides 10.61% this week

Highlights

Internet Computer trades at $2.76, falling 10.61% in the past week and trading below short-term moving averages.
Bearish momentum prevails with oversold signals from multiple indicators and increased volatility at 14.18%.
Price is expected to range between $2.55 and $3.1, with $2.68 as key support and $2.99 as resistance.

Bearish structure persists as network activity fails to lift ICP outlook

Recent analysis suggests the weekly structure of ICP is bearish, with $15 considered an upside scenario rather than a likely outcome (source: TokenPost). TokenPost notes that increased network activity has not been sufficient to significantly boost ICP's price, and projections for the end of 2026 remain conflicted, some as low as $2.35.

Elevated volatility emerges as technical signals cluster in oversold zone

The daily chart shows a sharp move lower without a sustained trend, reflected in elevated volatility at 14.18%. Momentum signals are clearly bearish, with CCI and Stochastic RSI both in oversold territory and MACD remaining on a sell. Immediate support lies at $2.68, while resistance is set at $2.99 and reinforced by the MA-50; the Ichimoku Kijun at $3.16 also stands as a practical resistance level. Consolidation is likely, though the cluster of oversold readings suggests sellers may be running out of momentum.

Bearish bias prevails for next week amid high probability of further downside

Over the coming week, price is expected to range between $2.55 and $3.1, with a 26% probability of an increase and a 74% probability of a decrease. The base case is price action holding between $2.68 support and $2.99 resistance. A bullish scenario would see recovery above $2.99, opening the way to test $3.10. Conversely, a close below $2.68 support would strengthen the bearish case toward $2.55.

Parshwa Turakhiya, analyst, sees Internet Computer (ICP) under pressure following a 10% slide this week, with the token hovering around $2.76. Despite mounting network activity, sentiment remains fragile as TokenPost highlights that fundamentals have not been strong enough to lift the price. Momentum indicators on the daily chart are firmly bearish, putting key support at $2.68 in focus for the coming week. The analyst expects consolidation between $2.68 and $2.99, with the oversold setup hinting that sellers may soon pause — but a close below $2.68 risks extension toward $2.55. "This is a sentiment-driven market; I’m watching for signs of stabilization, but I won’t chase upside until ICP reclaims $2.99."

Earlier, analysts noted that Internet Computer was under sustained selling pressure, with downside risks dominating the technical outlook. The current analysis reinforces this bearish scenario, highlighting the importance of the $2.68 support level as a critical threshold for potential further declines in the week 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

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