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. Market attention returned to the token after More Crypto Online said a $10,000 investment made at the all-time high near $700 would now be worth about $31. 

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.

Sector rotation added to the weak tone. WhisprNews listed ICP among the top losers in the top 100, alongside Filecoin and Pepe. That positioning suggests the ICP price is facing both token-specific pressure and broader weakness in its market segment.

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.

image 13
ICP/USD 1D Price Chart Source: TradingView

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: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.

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