ICP Weakens Toward Key Level, Market Eyes Recovery Above $3.15

Analytical Market Note (Bloomberg Crypto-style)

ICP Tests Key Support as Selling Pressure Builds, Eyes on Technical Rebound

Internet Computer (ICP) continued to decline Monday, falling 2.4% to $3.19 after losing support at $3.27. The move triggered an uptick in trading activity, with volume nearly doubling to 860,100 tokens as traders repositioned in response to the breakdown.

The token briefly climbed to $3.31 before sliding to $3.15, a key level where buyers have previously stepped in. Analysts note that momentum gauges are nearing oversold territory, which could set the stage for a short-term recovery if selling pressure eases.

For now, the focus remains on whether ICP can defend the $3.15–$3.20 band. A sustained move above $3.27 may signal a shift back toward strength, while failure to hold this range risks deeper losses toward $3.10.