Market Overview for Internet Computer/Tether (ICPUSDT)

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Sunday, Dec 7, 2025 9:24 pm ET1min read
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- ICP/USDT tested $3.43–3.45 support, forming a bullish engulfing pattern after a sharp $3.316–3.411 decline.

- Surging volume during the drop confirmed short-term bearish bias, while RSI hitting oversold levels (<30) signaled potential bounce.

- Bollinger Bands contraction before the sell-off and bearish MACD crossover highlighted low volatility and seller dominance.

- Late-day buying pressure suggested reversal attempts, but traders remain cautious as bearish momentum persists below $3.40.

Summary
• ICP/USDT tested key support at $3.43–3.45 before rebounding, forming a bullish engulfing pattern.
• Volume surged during the $3.316–3.411 drop, confirming a short-term bearish bias.
• RSI hit oversold levels below 30, suggesting potential for a near-term bounce.
• Bollinger Bands showed contraction before the sharp decline, hinting at low volatility prior to a breakout.
• MACD crossed bearishly, with momentum favoring sellers despite late-day buying pressure.

Internet Computer/Tether (ICPUSDT) opened at $3.519 (12:00 ET–1) and closed at $3.438 (12:00 ET), reaching a high of $3.541 and a low of $3.316. Total 24-hour volume was 1,203,394.43 ICP, and notional turnover was $3,859,074.96.

Structure and Key Levels


Price found strong resistance near $3.54 and faced immediate rejection, failing to hold above it for much of the session. A critical support level was identified around $3.43–3.45, where a bullish engulfing pattern formed during the last 5-minute candle of the session, suggesting a potential reversal.

Momentum and Oscillators


MACD turned bearish, with the fast line crossing below the slow line and negative divergence in the histogram. RSI dropped into oversold territory, hovering near 30, signaling the asset may retest key support or pull back.

Volatility and Band Behavior


Bollinger Bands showed a pre-breakout contraction before the sharp sell-off, confirming a low-volatility environment.
The price remained well below the lower band during the most aggressive leg down, indicating extreme bearish pressure.

Volume and Turnover Dynamics


Volume spiked during the $3.316–3.411 sell-off, with large notional turnover confirming the move lower. However, late-day buying increased, especially in the final hours, where volume and price action showed signs of reversal.

Looking Ahead


The $3.43–3.45 area appears to be a key battleground for near-term buyers. A retest of this level may present a short-term buying opportunity, provided volume confirms strength. However, caution is warranted as bearish momentum remains intact. Traders should watch for a potential break below $3.40 for further downside.