Internet Computer bears test key support as ICP trades near liquidity wall

ICP is pinned below short- and mid-term moving averages, with MACD negative and RSI drifting toward oversold as bears press price into a dense support cluster and order-book bid wall.

Over the last 24 hours on Dec. 11, 2025, Internet Computer (ICP) has traded in a tight range around 3.6 to 3.7 dollars, slipping roughly 1–2% as sellers kept price pinned near recent local lows without triggering a disorderly flush. Estimated 24‑hour spot volume sits in roughly the 90 to 110 million dollar band across major exchanges, indicating steady but not capitulation-level activity as traders wait to see whether the current support zone attracts stronger dip‑buying.

Internet Computer Price Shifting Directions

Internet Computer (ICP) cryptocurrency approached critical support levels on Friday as downward price momentum persisted, according to technical analysis from market observers.

The digital asset recorded a pattern of declining closes in recent trading sessions, with sellers maintaining control and pushing prices toward lower support zones, according to chart data. Both short-term and medium-term moving averages continued to slope downward, reflecting sustained bearish pressure in the market.

The Moving Average Convergence Divergence (MACD) indicator remained in negative territory, signaling a lack of bullish momentum, though the gradually narrowing spread suggested selling pressure may be easing, according to technical analysts. The Relative Strength Index (RSI) approached oversold conditions without confirming a reversal, indicating the possibility of continued downward movement or potential accumulation interest.

The cryptocurrency traded near a cluster of support levels that technical analysts identified as critical for price stabilization. Order book data revealed significant bid walls positioned below current price levels, suggesting interest from large buyers, according to market data providers.

Analysts noted that a successful defense of the lower support range could enable price recovery toward mid-range resistance levels. Conversely, a breakdown below the support band could trigger deeper corrections and intensify bearish sentiment in the near term.

The order book showed notable ask walls at higher price levels, which analysts identified as potential resistance zones. A move above the nearest ask wall could prompt an immediate test of the next resistance level, while clearing the strongest ask wall would signal a major trend reversal, according to technical analysis.

For traders monitoring long positions, stabilization above the current support cluster combined with flattening momentum indicators would strengthen the case for upward movement, analysts said. Short-position traders may seek rejection signals near resistance zones or failed retests of downward-moving averages as potential entry points.

The cryptocurrency remained in bearish territory, though weakening sell pressure suggested the market may be approaching a potential turning point, according to technical observers. Liquidity walls in the order book were expected to influence the strength and direction of the next significant price movement.

Market Analysis Summary

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  ICP trades below key 9- and 20-day EMAs, keeping the trend bearish while MACD stays in negative territory and RSI hovers in weak, near-oversold territory.
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  Price is testing a multi-level support cluster where order-book data show sizeable bids, suggesting large buyers may start scaling in if the zone holds.
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  A bounce from support could target mid-range resistance near recent breakdown levels, while a clean break below the bid wall risks deeper downside and prolonged bearish sentiment.

The analysis was published for informational and educational purposes. Financial advisors recommend exercising caution and conducting independent research before making investment decisions in cryptocurrency markets.