Internet Computer slides 26% after selloff driven by global liquidation pressure

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Internet computer slides 26.03% today

Highlights

Internet Computer (ICP) trades at $3.24, well below MA-20 ($4.25), MA-50 ($4.63), and MA-200 ($5.09), reflecting entrenched multi-timeframe bearish momentum.
The crypto market faces $19 billion in liquidations triggered by global trade tensions, with ICP specifically impacted despite investor optimism about its decentralized AI and cross-chain DeFi roadmap.
Momentum signals including MACD, ADX (39.67), and RSI (27.59) emphasize oversold conditions, yet ICP remains under pressure with a near-term range of $3.40–$3.44 and less than 20% probability of price increase.

Liquidation surge and AI roadmap reshape ICP sentiment outlook

The crypto market is under significant liquidation pressure following renewed global trade tensions, which triggered over $19 billion in liquidations and affected major tokens including ICP. Meanwhile, ICP's development team has recently highlighted its AI and Web3 roadmap, emphasizing decentralized AI and cross-chain DeFi integration, developments that could influence sentiment looking ahead. Long-term forecasts remain optimistic about the potential for broader adoption and price appreciation as decentralized internet infrastructure and AI integrations evolve.

Oversold levels and volatility intensify amid strong bearish momentum

Momentum indicators show strong downward pressure on D1, with the MACD signaling a sell and the ADX at 39.67 suggesting trend strength. Daily RSI at 27.59, Stoch RSI at 20.79, and CCI at –305.17 all point to oversold conditions, indicating sellers have dominated the move but that the market is stretched. BBP confirms intraday pressure from sellers, supported by the Awesome Oscillator’s strong sell direction. The price opened with a sharp gap down ($4.38 to $3.04) and is now trading mid-range between $2.90 and $3.29. This reflects high volatility with continued pressure after the open. While momentum indicators mostly agree, oversold readings hint at possible stabilization, but current intraday action aligns firmly with ongoing weakness.

Sideways drift likely as bearish risk outweighs rebound prospects

For the next five trading days, the expected price range is $3.40 to $3.44, with an average near $3.42. The probability of a price increase is very low (less than 20%), while the likelihood of a further decrease is much higher. The baseline scenario remains for sideways consolidation in a narrow range. A bullish scenario would require a break above $3.41 that sustains, while a bearish scenario sees a drop below $2.90 with potential for further losses. Short-term readings and the overarching trend suggest sustained caution, with bears firmly in control unless oversold conditions prompt a corrective rebound.

Anton Kharitonov, expert at Traders Union, sees Internet Computer (ICP) under pronounced selling pressure, with price action firmly below major moving averages and momentum indicators robustly supporting the bearish trend. Despite recent announcements from ICP’s development team about AI and Web3 advancements, Kharitonov remains cautious, noting that global market headwinds and oversold technical readings suggest only a slim chance for a rebound. The baseline expectation is for narrow-range consolidation, with a bearish scenario favored unless key resistance at $3.41 is reclaimed. "As long as ICP remains below $3.41 and sellers control momentum, I do not trust any upside — caution remains my priority in this environment."

Previously it was noted that momentum readings were mixed, with some oscillators signaling oversold conditions while trending indicators remained bearish. The analysis also highlighted factors such as rising institutional interest in crypto futures and network interoperability gains as supporting positive sentiment.

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.