Internet Computer (ICP/USD) Market Breaks Support And Signals Bearish Continuation Toward Lower Zones

Internet Computer Price Prediction — June 29

ICPUSD market breaks support and signals bearish continuation toward lower zones. The ICPUSD pair has resumed a bearish orientation, as confirmed by the breakdown beneath the 9-day Simple Moving Average (SMA) and reinforced by the MACD lines.

Recent price activity failed to maintain momentum above the $5.000 psychological level, indicating weakening bullish pressure and a likely shift in market sentiment. The flattening of the SMA also signals diminishing upside momentum, adding weight to the bearish bias.

ICP/USD Market Key Levels:

Resistance levels: $6.130, $6.820, $7.760
Support levels: $4.960, $4.000, $3.000

ICP/USD – Daily Chart

The ICP/USD daily chart shows a rebound at trendline as price experiences a downward breakout.

Price action has decisively breached the ascending support trendline, invalidating the previous accumulation pattern. A sweep of the buy-side liquidity (BSL) near $5.000 followed by a rejection confirms the presence of institutional distribution. The inability to hold above the $4.810 minor support, coupled with weak bullish follow-through after the breakdown, suggests an ongoing market redistribution phase.

What is the projection for the ICPUSD market?

Going forward, ICPUSD is positioned for a bearish continuation toward the $4.000 and $3.000 demand zones. A clean rebound at the trendline would act as a bearish confirmation, exposing further downside risks. Unless price reclaims and sustains above $5.00 with volume, short-to-midterm sentiment remains tilted toward sellers dominating the market.

ICP/BTC Price Analysis

ICPBTC is trading below the 9-day SMA and recently retested a bearish breaker block around 0.0000470 before resuming its decline. The price action broke structure (BOS) to the downside and failed to sustain above the buy-side liquidity (BSL), confirming bearish momentum.

MACD histogram shows a decline in bullish volume, with signal lines crossing bearishly below the zero line. If bearish pressure continues, price could target the 0.0000400 support and potentially extend toward 0.0000350.

Internet Computer (ICP) Current Statistics
The current price: $4.860
Market Capitalisation: $2,610,000,000
Trading Volume: $39,610,000

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