ICP Slides Below Critical Support as Volume Surge Accelerates Sell-Off

ICP Slides Below $4.33 as Volume Surge Confirms Downward Momentum

Internet Computer (ICP) dropped below the critical $4.33 support on Friday, with a sharp increase in volume signaling a decisive technical breakdown.

The token fell from $4.97 to $4.30 in a rapid, technically-driven move, according to CoinDesk Research’s technical analysis model. Trading activity spiked to 7.86 million tokens during early European hours, a 224% increase above the 24-hour average, coinciding with the failure of the $4.33 floor—a level that had previously acted as a strong rebound point in October and early November. The breach accelerated ICP’s slide into the $4.20–$4.30 zone, where it briefly stabilized before entering a narrow consolidation range.

ICP attempted a modest rebound at 13:41 UTC, climbing to $4.344 on elevated volume, suggesting short-term support around $4.30. However, the recovery quickly lost momentum, and the token slid again toward $4.298, indicating that bearish pressure continues to dominate.

Technical levels are now fully controlling ICP’s price action in the absence of new fundamental catalysts. Resistance has formed at $4.69, marking the area where selling intensified, and the token currently trades within a tight $4.30–$4.34 range.

For momentum to shift, ICP would need to reclaim $4.33 decisively. Until then, bears are likely to target a retest of the $4.20 support floor if trading volume remains weighted toward selling

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