As we enter January 2026, Internet Computer (ICP) is encountering challenges in maintaining its position above the critical $400 mark. The cryptocurrency is facing substantial resistance from key moving averages, which could signal further difficulties ahead. The material draws attention to the fact that these technical indicators may influence investor sentiment significantly.
Current Market Trend for ICP
The 200-day simple and exponential moving averages are currently indicating a bearish trend for ICP, suggesting that the asset may struggle to regain upward momentum. In contrast, shorter-term indicators have shown some signs of improvement, hinting at potential recovery.
Resistance Levels and Market Caution
However, the inability to break through established resistance levels raises concerns about deeper losses for ICP. Traders are exercising caution as the market remains under the influence of unresolved bearish pressure, making the outlook uncertain.
As Internet Computer (ICP) faces resistance above $400, Bitcoin has recently approached a critical resistance level, forming an ascending triangle pattern. For more details, see more.
