Internet Computer Market Overview

• Price dropped to $4.94 before rebounding, closing at $5.032 as bearish momentum weakened in the final hours.
• Key support at $4.90–4.95 held for most of the session but was tested with high volume and low turnover.
• Bullish divergence on RSI suggests potential for short-term recovery, while MACD remains neutral.
• Volume was highest in the late evening as buyers pushed price upward, confirming short-term strength.
• A 20-period moving average is now above price, indicating short-term bearish bias but no major trend confirmed.

Internet Computer (ICPUSDT) opened at $5.066 on 2025-08-25 at 12:00 ET, reached a high of $5.089, a low of $4.853, and closed at $5.032 by 12:00 ET on 2025-08-26. Total traded volume was approximately 978,474 ICP, with a notional turnover of roughly $4.73 million.

Structure & Formations

The 24-hour candlestick chart displayed a clear bearish bias in the early to mid-session, with a sharp drop from $5.07 to $4.853 by late evening. This move was followed by a modest rebound in the final hours of the 24-hour period. Notable formations include a bearish engulfing pattern near the $5.06–$5.05 level and a bullish reversal pattern near the $4.90–$4.95 support zone. A doji near $4.88 at the end of the bearish leg suggests indecision and potential consolidation ahead.

Moving Averages

On the 15-minute chart, ICPUSDT closed above the 20-period moving average but below the 50-period line, indicating mixed momentum. The 50-period line has crossed below the 20-period line in the last few hours, suggesting a possible short-term bearish trend. On the daily chart, ICPUSDT remains above the 50/100/200-period moving averages, indicating the longer-term trend remains intact for now.

MACD & RSI

The 15-minute MACD showed a bullish crossover late in the session as price rose above $5.03, reinforcing the recent buying pressure. The RSI moved into oversold territory near $4.853 and then showed early overbought signs in the final 4 hours, suggesting potential exhaustion on both the bearish and bullish sides. A divergence between the RSI and price action in the $4.85–$5.03 range may hint at a possible reversal or consolidation.

Bollinger Bands

Price touched the lower Bollinger Band at $4.853, a strong bearish signal, before bouncing off. The band width had narrowed significantly before the drop, indicating low volatility and a possible breakout. Price has since expanded back toward the upper band in the last few hours, suggesting increased volatility and uncertainty in the short term.

Volume & Turnover

Volume spiked sharply in the evening and again during the rebound, especially between $4.85 and $5.03, where the total volume amounted to $4.5 million. This confirms buying interest in the lower range. Notional turnover was $4.73 million, slightly skewed to the later hours, suggesting a potential short-term bottoming process.

Fibonacci Retracements

On the 15-minute chart, price tested key Fibonacci levels at 38.2% ($4.98) and 61.8% ($4.93) during the pullback. The 61.8% level held well, reinforcing its role as a strong support. Daily Fibonacci retracement levels from the recent low to high also showed $5.03 as a potential near-term consolidation area.

Forward Outlook:
The price may test $5.05–$5.07 as resistance in the next 24 hours if buying pressure continues. However, a retest of the $4.90–4.95 support cannot be ruled out, particularly if the RSI fails to hold above 30. Investors should remain cautious of volatility spikes and potential divergence between volume and price during key levels.