Internet Computer Token Slides Below $4.33 Floor Amid Intensified Bearish Pressure
Internet Computer (ICP) has entered a sharp downward phase after breaking decisively below the $4.33 support — a level that had served as a structural base for several weeks. The selloff, highlighted clearly in the chart provided, was accompanied by a significant spike in trading volume, confirming a strong acceleration in bearish momentum. With ICP now trading near $4.13, the market is evaluating how deep this breakdown may extend.
ICP Technical Breakdown: Structure Shifts Into Clear Downtrend
The daily chart illustrates a long-standing compression pattern leading into this drop. After months of ranging under heavy supply zones scattered between $6.00 and $10.00, the token failed to make a meaningful structural breakout. Instead, repeated rejections in these zones signaled persistent sell-side pressure.
The decisive move occurred as ICP crashed below the $4.33 support band — a key level that previously held multiple higher lows and acted as a cushion for buyers.
With this line broken, the atmosphere shifted instantly. A large volume surge erupted, reflecting panic exits and forced selling. BitXJournal technical analyst observing the pattern noted, “A volume expansion during a support break usually means the market accepted lower prices. ICP has transitioned from distribution into accelerated markdown.”
BitXJournal specialist added, “The reaction candle makes it clear this wasn’t a casual drift downward. High-volume breakdowns tell us bigger actors are offloading positions, and liquidity pockets below become immediate targets.”
The chart also highlights a broader demand zone between $2.80 and $3.30, representing the next meaningful area where price may attempt stabilization.
Key Levels Traders Are Watching
With the former floor now invalidated, attention shifts to nearby structural points:
- $4.33 — now flipped into resistance following the breakdown
- $3.80–$3.95 — minor reaction area where short-term buyers may test a bounce
- $2.80–$3.30 — the major demand block shown on the chart
ICP’s breakdown below $4.33, reinforced by a notable volume spike, marks a turning point in its market structure. The technical picture signals a confirmed downtrend, with sellers currently maintaining full control. All eyes are now on the lower demand regions to see whether they can absorb the momentum — or if the token faces further declines in the sessions ahead.
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.