ICP Slides as Breakdown Below $4.00 Triggers Elevated Volatility

Internet Computer (ICP) experienced a sharp 7.3% decline over 24 hours, trading near $3.7065 after decisively breaking the critical $3.99–$4.00 support band. This breakdown was accompanied by a major volume spike, about 300% above the short-term average, reinforcing its technical significance. Although the price stabilized briefly between $3.55–$3.65 before recovering slightly, the overall technical structure remains bearish, characterized by a series of lower highs, with the former support now acting as resistance.

The subsequent trading session on December 1 saw continued volume, though the price found a near-term base. Despite a small lift coinciding with a localized volume uptick, the broader downward trajectory has not been altered, indicating that the market remains sensitive to the technical breach.

(Source：CoinDesk)