Internet Computer retests multi-month lows as seller momentum strengthens
Internet Computer (ICP) has returned to a downward trajectory after early attempts at recovery lost strength. The token has now fallen back toward the lower boundary of its December support region, raising concerns about whether the market is preparing for a deeper continuation of the broader decline.
Market structure shows ICP breaking below the key range support that previously acted as a stabilizing zone, exposing the price to further downside risk. The slide toward the $3.48 area coincides with increasing trading activity, suggesting that sellers are regaining dominance after a short-lived rebound.
Several major supply zones remain positioned overhead, particularly between the mid-$5 and $10 regions, where multiple bearish order blocks were formed earlier in the year. These zones have consistently rejected upward moves, and the price continues to trade well below them, limiting the possibility of a sustainable recovery without a decisive structural shift.
The market also highlights a series of break-of-structure signals, indicating persistent bearish pressure throughout the mid-2025 cycle. Even the brief spike above $10 failed to establish higher-timeframe strength, quickly reversing back into the broader downtrend.
As the token approaches its December support cluster, traders are watching whether buyers will defend this level or allow the decline to extend toward deeper lows. The current setup shows weak bullish follow-through and reinforced seller control, making the next reaction at support critical for determining short-term direction.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.