Internet Computer (ICP) Tests Support, Traders Anticipate Relief Rally Around $3.15

Internet Computer Slips Below Support, Traders Watch for Rebound Near $3.15

27/10/2025

Internet Computer Protocol (ICP) fell 2.39% to $3.19 on Monday, continuing to face downward pressure amid weakness across mid-cap altcoins. The decline came as the token lost its grip on the $3.27 support level, leading to renewed selling and short-term liquidations, according to CoinDesk Research’s technical data.

ICP briefly reached $3.31 before dropping to an intraday low of $3.15, a level that coincides with previous accumulation zones from early October. Trading activity picked up notably, with volume nearly doubling to 860,100 tokens, suggesting active repositioning among traders following the breakdown.

Despite the drop, market sentiment remains cautiously optimistic. Technical indicators show ICP nearing oversold conditions, with some traders eyeing a potential relief bounce if the token can stabilize above the $3.15–$3.20 area. A move back above $3.27 could shift short-term momentum to the upside, paving the way for a test of the $3.30–$3.35 range.

Conversely, sustained weakness below $3.15 would likely expose the next support at $3.10, putting further pressure on bulls attempting to defend the lower bound of the current trading range.

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