Internet Computer bears test key support as ICP trades near liquidity wall
NegativeCryptocurrency

- Internet Computer (ICP) is currently facing significant bearish pressure, trading near a liquidity wall and below key short- and mid-term moving averages. The MACD indicates negative momentum, while the RSI approaches oversold territory, suggesting that sellers are actively pushing the price down into a dense support cluster.
- This development is critical for ICP as it highlights the ongoing struggle to maintain price stability amidst a challenging market environment. The inability to hold above key support levels raises concerns about further declines and investor sentiment.
- The broader cryptocurrency market is experiencing volatility, with ICP's recent performance reflecting a trend of declining prices across various assets. The recent selloff and increased trading volume confirm a bearish sentiment, indicating that traders are cautious as they navigate through established support and resistance levels.
— via World Pulse Now AI Editorial System

