Internet Computer price prediction: Further fall ahead? ICP remains stuck near $2.95

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Internet computer drops 11.68% today

Highlights

Internet Computer (ICP) trades at $2.95, down 11.68% on the day, remaining well below MA-20 ($4.00), MA-50 ($4.43), and MA-200 ($5.02), signaling persistent multi-timeframe selling pressure.
Momentum indicators show significant weakness, with a firmly negative MACD, oversold daily and weekly RSI, and sellers maintaining control as BBP remains low.
Forecast anticipates ICP trading between $2.95 and $2.97 for the next five days, with less than a 20% chance of price increasing and high risk of further downside.

Lack of news leaves sentiment unchanged amid recent losses

ERROR: NEWS ARE ABSENT ON TARGET DATES

Oversold momentum and strong ADX highlight deepening downside

Momentum indicators reveal weak price action, with the MACD firmly negative and both daily and weekly RSI deep in oversold territory. The ADX D1 suggests a strong trend; however, this conflicts with nearly all other oscillators pointing lower, while BBP shows sellers controlling the session. Signals diverge, as ADX shows trend strength while oscillators continue warning of intensive overselling, so intraday momentum and overall direction remain negative and mutually reinforcing. The nearest dynamic support and resistance levels are set by the Ichimoku Kijun at $2.94 and the MA-20 area around $4.00 respectively.

Narrow downside range favored as breakout chances remain minimal

For the next five trading days, the forecasted range for ICP is between $2.95 and $2.97. The probability of a price increase is very low (less than 20%), making a further decline much more likely. The baseline scenario envisions the price holding steady within a narrow corridor near $2.95. In a bullish scenario, the price would need to reclaim resistance above $4.00, but current signals do not support this, while a bearish scenario would see a breakdown below $2.94 triggering further declines as long-term momentum and most indicators continue to point lower.

Anton Kharitonov, analyst at Traders Union, sees Internet Computer (ICP) trading under sustained negative momentum, with all major moving averages and oscillators pointing towards continued weakness. He notes the lack of any supportive news, combined with deep oversold readings and persistent selling pressure, reinforce a defensive stance as the price struggles to hold above the $2.94 support. The analyst maintains a cautious outlook, expecting the price to remain locked in a narrow corridor around $2.95 and highlighting a low probability of recovery in the near term. "As long as ICP remains below $4.00 and signals do not improve, I see no technical reason to consider a bullish move — the downside risk prevails."

Previously it was noted that the asset's momentum signals on the daily chart are mixed with persistent bearish pressure amid a broadly negative altcoin market, as discussed in momentum signals on the daily chart are mixed. The news also emphasized ongoing weak momentum and sideways or bearish conditions supported by technical readings.

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.