Internet Computer (ICPUSDT) Market Overview for 2025-08-25

• Internet Computer (ICPUSDT) recorded a 24-hour bearish reversal after a sharp rally and subsequent breakdown.
• Price tested and broke a key 15-minute support at $5.28–5.29, signaling possible short-term bearish momentum.
• A large-volume breakdown candle on 19:45 ET and a follow-through decline confirm a weakening trend.
• RSI entered oversold territory, suggesting potential for a short-term bounce, but lacks bullish confirmation.
• Total turnover surged during the sell-off but waned in the final 6 hours, indicating waning follow-through.

Internet Computer (ICPUSDT) opened at $5.264 on 2025-08-24 12:00 ET, peaked at $5.467, and closed at $5.081 by 2025-08-25 12:00 ET. The 24-hour session recorded a volume of 1,131,574.98 units and a notional turnover of approximately $5,775,000.

Structure & Formations

Price formed a bearish reversal pattern on 19:45 ET with a massive 338,948.94-unit candle that gapped down and closed at $5.338. This was followed by a strong follow-through sell-off, with price breaking below the ascending wedge and critical support at $5.28–5.29. A large 15-minute bearish engulfing candle confirmed the breakdown, while a doji at $5.082 near the 2025-08-25 09:45 ET time frame hinted at potential exhaustion in the short-term downtrend.

Moving Averages

On the 15-minute chart, price spent the last 6 hours below both 20- and 50-period moving averages, confirming bearish momentum. Daily moving averages (50, 100, 200) are not fully calculable from the input, but prior price behavior suggests that ICPUSDT closed well below key daily support levels. This suggests a continuation of a medium-term downtrend.

MACD & RSI

The 15-minute RSI entered oversold territory below 30 after the sharp decline, indicating potential for a near-term bounce. However, the MACD remained bearish, with the line below the signal line and in negative territory. This divergence may suggest a temporary bounce, but it lacks bullish confirmation for a reversal. The MACD histogram showed a shrinking bearish spread as selling pressure waned in the last 6 hours.

Bollinger Bands

Price moved inside the Bollinger Bands for most of the session and broke through the lower band during the 19:45–20:00 ET sell-off. Volatility expanded during the breakdown and has since contracted, suggesting that the initial panic may have abated. Price remains in the lower third of the bands, reinforcing the bearish bias.

Volume & Turnover

Volume spiked during the breakdown candle on 19:45 ET with over 338,000 units traded and again during the initial sell-off at 20:00 ET. However, in the final 6 hours of the session, volume and turnover declined sharply, signaling waning follow-through on the downward move. Notional turnover dropped below $50,000 in the last 3 hours, indicating reduced conviction in the bearish move.

Fibonacci Retracements

On the 15-minute chart, price tested the 61.8% retracement of the prior rally from $5.22 to $5.46 at approximately $5.32–5.33 before breaking down. On the daily chart, ICPUSDT is now testing the 38.2% retracement of its larger move, which has historically acted as a support zone. A retest of $5.14–5.16 could offer a short-term floor.

ICPUSDT may find temporary support near $5.07–5.09 and could see a short-term bounce, but sustained bullish follow-through remains unlikely without a strong break above $5.17. Traders should be cautious of a further pullback toward $5.04–5.06 and consider risk management strategies accordingly.