Internet computer protocol (ICP) It fell in the last 24 hours, losing 7% of its value.
The Token fell to a minimum of $ 5.27, breaking the critical support levels and raising concerns about the institutional interest sustained in the project, according to the technical analysis data model of Coindesk Research.
Market data showed that ICP fell below the $ 5.48 support threshold during the early hours of August 18, with commercial activities increasing to 708,905 units, almost double the daily average of 386,248 units. Analysts marked this pattern as evidence of coordinated sales between large investors and corporate treasury desks. A rebound was short -lived, with the Token returning to $ 5.29.
The cryptographic market in general is dealing with the bearish pressure after an ignition of concerns about the inflation of the United States after Producer Price Index last week (PPI) Reading for July 2025 It was hotter than expected.
A recession in the broader cryptographic market can increase the sale pressure in tokens such as ICP due to a feeling of general risk, a reduction in liquidity and the trend of investors to sell more speculative active.
Technical analysis
- ICP fell 7% of $ 5.67 to $ 5.27 on August 17 to 18.
- The critical support level at $ 5.48 was violated at the beginning of the negotiation of August 18.
- The volume increased to 708,905 units, almost double the 24 -hour average of 386,248 units.
- The recovery attempts failed, with a drop of 1.12% of $ 5.35 to $ 5.29.
- Current price consolidation about $ 5.29 reflects institutional participation by decreasing.
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