Internet Computer (ICP) Price Drops 11% to $6.69 as $7.00 Support Breaks on Heavy Volume
Internet Computer (ICP) fell 11.2% to $6.69 after breaking critical $7.00 support on a 94% surge in trading volume.Summary
Internet Computer (ICP) experienced a significant decline of 11.2%, dropping to $6.69 after failing to hold the key technical support level of $7.00. This breakdown was confirmed by a substantial surge in trading volume, which was approximately 94% above the 24-hour average, indicating strong bearish momentum.
The drop extends a week-long retreat for ICP, marking one of its steepest intraday losses recently. With $7.00 now acting as resistance, the token entered oversold territory near $6.70. Analysts suggest the next crucial support band for potential short-term stabilization lies between $6.65 and $6.70.
If ICP remains below the $7.00 threshold, further downside pressure could push the price toward $6.50; a recovery above $7.00 is necessary to regain short-term bullish momentum.
(Source：CoinDesk)