Internet Computer (ICP) is currently facing significant challenges in the market, as it continues to trade below key moving averages. The cryptocurrency is experiencing bearish momentum while testing critical support levels, raising concerns among investors. Based on the data provided in the document, it is crucial for traders to monitor these trends closely to make informed decisions.
Current Market Overview of ICP
As of December 11, 2025, ICP remains below the 9 and 20-day exponential moving averages (EMAs), with the MACD indicator firmly in negative territory. The Relative Strength Index (RSI) is also approaching oversold conditions, indicating potential weakness in the asset's price action.
Support Levels and Market Sentiment
Currently, ICP is testing a multilevel support cluster, where order book data reveals substantial bids. This suggests that large buyers may begin to enter the market if this support zone holds. A rebound from this level could target midrange resistance near recent breakdown points, while a decisive break below the bid wall could lead to deeper losses and prolonged bearish sentiment.
Recent Trading Activity
In the last 24 hours, ICP has traded within a narrow range of $36 to $37, experiencing a decline of approximately 12%. Sellers have managed to keep the price near recent local lows without triggering a significant sell-off. The estimated 24-hour spot volume is between $90 to $110 million across major exchanges, reflecting steady trading activity as market participants await stronger dip-buying interest.
As the market faces challenges, the recent decline in Cardano (ADA) trading activity contrasts with the ongoing struggles of Internet Computer (ICP). For more details, see the full report on the situation with ADA here.
