ICP Extends Slide as Heavy Volume Confirms Breakdown Below Support
CoinDesk
ICP dropped below the $4.33 support level on exceptionally high trading volume, confirming an accelerated downtrend.Summary
The ICP token experienced a steep selloff, breaking decisively below the long-standing support level of $4.33 and trading near $4.369. This decline was accompanied by a massive surge in trading activity, with volume jumping 224% above average, which technical analysis models confirmed as a decisive breakdown. The price cascaded from $4.97 down to $4.30, briefly stabilizing in the $4.20–$4.30 zone. Despite a minor rebound attempt supported by elevated volume, momentum remains bearish, with new resistance forming at $4.69. ICP is currently consolidating in a tight range between $4.30 and $4.34, requiring a sustained reclaim of $4.33 to reverse the momentum, otherwise bears anticipate a retest of the $4.20 support floor.
(Source：CoinDesk)