ICP News: Internet Computer Falls Nearly 25% Following Surge to Over $6.50

Internet Computer (ICP) pulled back to trade just under $5 on Wednesday, marking a nearly 25% decline from its Tuesday peak of over $6.50. This reversal followed a massive surge on Tuesday where ICP gained as much as 64%, breaking resistance levels. Trading volume was exceptionally high, reaching 20.48 million tokens exchanged, about 418% above average, as traders reacted to the volatility between $4.77 and $6.35. Despite the pullback, ICP's recent strength is notable compared to the broader crypto market correction. Analysts suggest the elevated volume indicates sustained institutional interest, though short-term traders face increased risk. Technically, ICP is stabilizing above $4.80 support, but failure to hold $4.77–$4.80 could lead to a deeper correction toward $4.50, while resistance lies between $5.20 and $5.40.

(Source：CoinDesk)