ICP/USDT Price Analysis: Is Internet Computer Preparing for the Next Move?
The
$ICP /USDT trading pair is currently showing short-term bearish momentum as the price trades around $2.30, reflecting a noticeable decline of more than 6% in the last 24 hours. Internet Computer (ICP) recently faced rejection near the $2.47 resistance zone, forming a lower high structure on the 1-hour chart. This indicates that sellers are still active in the market, pushing the price toward key support levels.
From a technical perspective, ICP is trading below the 25 MA and 99 MA levels, signaling continued bearish pressure. The immediate support is visible around the $2.28–$2.30 area. If this level breaks with strong volume, we could see further downside toward the $2.20 psychological support zone. However, if buyers defend this area, a short-term relief bounce toward $2.35–$2.40 is possible.
Volume analysis shows moderate activity, suggesting that traders are waiting for confirmation before entering large positions. A breakout above $2.40 would shift short-term sentiment bullish, while a drop below $2.28 may accelerate selling pressure.
Overall,
$ICP remains in a consolidation phase with a bearish bias. Traders should monitor support and resistance levels closely and manage risk carefully in current volatile conditions.
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