Internet computer protocol (ICP) Has dropped in the past 24 hours, losing 7% of its value.
The token fell to a hollow of $ 5.27, perceiving the levels of critical support and raising concerns concerning the institutional interest sustained for the project, according to the Technical Analysis Data model of Coindesk Research.
Market data showed that the ICP fell below the support threshold of $ 5.48 during the first hours of August 18, with a negotiation activity leading to 708,905 units, almost double the daily average of 386,248 units. Analysts pointed out this model as proof of sale coordinated among major investors and business cash offices. A rebound was short -lived, the token with $ 5.29.
The Crypto market as a whole deals with the down pressure following an ignition of concerns concerning American inflation after Last week’s producer price index (PPI) Read for July 2025 was warmer than expected.
A slowdown in the wider cryptography market can increase the sales pressure on tokens such as the peak due to a general feeling of risk, reduced liquidity and the trend of investors to sell more speculative assets first.
Technical analysis
- DIP dropped $ 5.67 to $ 5.27 on August 17 to 18.
- The level of critical support at $ 5.48 was violated at the beginning of August 18.
- The volume increased to 708,905 units, almost double the average of 24 hours of 386,248 units.
- Recovery attempts failed, with a drop of 1.12% of $ 5.35 to $ 5.29.
- The current consolidation of prices close to $ 5.29 reflects the decline of institutional participation.
Non-liability clause: Parties of this article were generated with the help of AI tools and examined by our editorial team to guarantee the accuracy and membership of Our standards. For more information, see Complete Coindesk AI policy.
