Internet computer slide 7% while institutional pressure pressure supports support
Internet computer protocol (ICP) fell in the last 24 hours, losing 7% of its value.
The token dropped to a low $ 5.27.
Market data showed the ICP falling under $ 5.48 threshold support during the early hours of August 18, with trading activity walking 708,905 units, almost twice the sun -average of 386,248 units. Analysts have launched this pattern as evidence of coordinated sale to large investors and corporate desks. A bounce is short -lived, with the token returning to $ 5.29.
Crypto market is dealing with Bearish pressure greatly following a fiery concerns over US inflation after The manufacturer’s price index of last week (PPI) Reading for July 2025 is hotter than expected.
A collapse in the broader crypto market may increase the sale of pressure on tokens such as the ICP due to a general risk sentiment, reduced liquidity, and the tendency of investors to sell more imaginary properties.
Technical analysis
- The ICP fell 7% from $ 5.67 to $ 5.27 on August 17-18.
- The level of critical support at $ 5.48 was damaged in early August 18 trade.
- The volume advanced to 708,905 units, almost twice the 24 -hour average of 386,248 units.
- Recovery attempts failed, with a 1.12% collapse from $ 5.35 to $ 5.29.
- The current integration -the price of the price near $ 5.29 reflects the deterioration of institutional participation.
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