Internet Computer price forecast: Downward momentum signals risk of further declines toward $2.27 support

Traders Union
All News
Crypto
Internet Computer slides 7.63% today

Highlights

Internet Computer processed an average of 5,260 transactions per second over one week, generating over $5,000 in daily network revenue for 31 consecutive days.
Total network revenue reached at least $155,000 for the period, indicating robust protocol fee inflows and high platform utilization.
ICP trades below all key moving averages, with technicals confirming strong bearish momentum and an expected trading range of $2.27 to $2.51 in the next 2 to 3 days.

Protocol fees and throughput signal robust use amid selling pressure

Internet Computer averaged 5,260 transactions per second over a recent one-week span, with daily network revenue exceeding $5,000 for 31 straight days, according to Coin Turk. This period also saw ICP generate at least $155,000 in total network revenue while maintaining consistently high transaction throughput, as reported by Tronweekly. These metrics reflect steady ecosystem utilization and protocol fee generation, though price action has remained under broader selling pressure.

Multiple indicators reinforce selling momentum below resistance clusters

On the hourly chart, ICP/USD is trading below the MA-20 ($2.53), MA-50 ($2.55), and MA-200 ($2.56) levels, while the Ichimoku Kijun sits at $2.5, providing immediate resistance. MACD and ADX both indicate the presence of selling momentum. The RSI, Stochastic RSI, and CCI all remain in their neutral zones, with no extreme conditions present. Bearish confirmation is further supported by a negative Bull/Bear Power reading of -0.05 and a similarly aligned Awesome Oscillator, as price action aligns with continued intraday downside momentum.

Downside risk outweighs rebound odds with volatility persisting

ICP is expected to remain volatile in the short term, with most price action likely consolidating within the $2.27 to $2.51 band over the next two to three trading days. The probability of a downward move outweighs potential upside, with a 77% chance of further decline versus a 23% chance for a rebound. A bullish break above $2.5 could spark an intraday rally towards resistance, while a drop below $2.27 may accelerate the sell-off into lower territory.

Viktoras Karapetjanc, expert at Traders Union, sees Internet Computer’s fundamentals showing resilience despite clear short-term technical weakness. He notes that recent network metrics indicate consistent protocol usage and revenue, but the market’s sentiment remains cautious. Karapetjanc believes ongoing downside pressure is likely to persist, though structural ecosystem strength could cap further declines. "If network activity stays robust, ICP may find support soon — but for now, caution remains prudent for traders seeking upside."

Earlier, analysts noted that Internet Computer was at risk of downside correction after a period of short-term bullish momentum and range-bound trading. The current price action confirms a shift to sustained bearish pressure, with traders now watching the $2.27 level as a critical downside risk 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.