ICP Drops as Breakdown Below $5.00 Extends Multi-Session Weakness
CoinDesk
Internet Computer (ICP) fell below the critical $5.00 level, extending its bearish technical shift amid high trading volume.Summary
Internet Computer (ICP) extended its pullback from November highs, declining 5.57% over 24 hours to $4.8119, firmly breaking below the key $5.00 pivot level. This decline occurred on sharply increased trading volume, 98% above the daily average, which underscored market focus on support near $4.70 after repeated failures to reclaim $5.00 resistance following a steep drop from earlier highs near $9.50. Technical analysis suggests the structure has shifted into short-term consolidation, with immediate resistance at $4.75 and the crucial $5.00 threshold, while support between $4.69–$4.70 is vital to prevent a deeper retracement.
(Source：CoinDesk)