ICP Faces Pressure After Breaking Support, Traders Eye Rebound Near $3.15

27/10/2025

Internet Computer Protocol (ICP) slipped 2.39% to $3.19 on Monday, extending a broader pullback among mid-cap altcoins as bearish momentum persisted across the market.

The token failed to hold its $3.27 support, triggering a fresh round of short-term liquidations and adding to the downside pressure, according to CoinDesk Research’s technical analysis data model. ICP briefly traded as high as $3.31 before sliding to an intraday low of $3.15.

Trading volume climbed sharply to 860,100 tokens, nearly double the recent average — a sign of heightened activity as traders reposition around key levels.

Despite the dip, buyers are beginning to show interest in the $3.15–$3.20 zone, an area that coincides with early October accumulation. Analysts note that a successful defense here could spark a technical rebound toward $3.25–$3.27, while momentum indicators suggest ICP may be entering oversold territory, hinting at fading selling pressure.

Looking ahead, traders will be watching whether ICP can form a higher low and reclaim resistance at $3.27. A sustained recovery above that level could reestablish a short-term bullish bias and open the path toward $3.30–$3.35, while continued weakness below $3.15 risks exposing downside targets near $3.10.