ICP Price Falls Over 99% From ATH as Bearish Pressure Builds Near $2.17
- A $10,000 ICP peak investment would now be worth about $31.
- ICP fell 0.54% to $2.17 and slipped below the $2.185 POC level.
- Chart signals show a bearish pennant, while RSI stays near neutral.
The Internet Computer price stayed under pressure as ICP traded at $2.17, down 0.54% over 24 hours.
That move reflects a loss of more than 99.6% and shows how sharply the Internet Computer price has fallen from its peak.
Internet Computer Price Faces Pressure Below Key POC Level
Social analysis pointed to fresh weakness in the Internet Computer price after it slipped below the Point of Control volume level at $2.185. Chart watchers also flagged a bearish pennant pattern with a downside target near $2.07.
The renewed focus on earlier cloud-replacement claims has also brought attention back to ICP’s long decline. The comparison between the peak and current price continues to frame sentiment around the Internet Computer price.
Internet Computer Price Technical Analysis Shows Tight Range
The Internet Computer price is now consolidating in a narrow band. ICP/USD traded around $2.1705, between the middle Bollinger Band at $2.1292 and the upper band at $2.2599.
In technical analysis, RSI stood at 51.00, showing neutral momentum rather than a strong trend. Volume also stayed light, which supports the view of market indecision.
A break above $2.2599 would strengthen the short-term setup for the Internet Computer price. A move below $1.9985 would weaken the structure and could open the way for a deeper decline, while the long-term resistance zone near $4.00 stays far above the current ICP price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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