Share this article
ICP Faces Downward Pressure but Traders Eye Relief Bounce Near $3.15
Internet Computer slid to $3.19 after breaking support, but buyers see short-term rebound potential near $3.15.
Updated Oct 27, 2025, 4:18 p.m. Published Oct 27, 2025, 4:14 p.m.
Make us preferred on Google
What to know:
- ICP fell 2.39% to $3.1967 after breaking support near $3.27.
- Volume reached 860K tokens as selling intensified during midday hours.
- Traders target $3.15 as next support with recovery potential toward $3.25.
Internet Computer Protocol (ICP) experienced downward pressure on Monday, dropping 2.39% to $3.1967 amid bearish momentum across mid-cap altcoins.
The token failed to maintain its footing above $3.27, triggering renewed downside pressure and a wave of short-term liquidations, according to CoinDesk Research's technical analysis data model.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
ICP traded at $3.275, briefly climbing to $3.3099, before falling to an intraday low of $3.15. Volume surged to 860,100 tokens, roughly double the recent average, underscoring intensified participation from traders repositioning after the breakdown.
Despite the sharp pullback, bulls are beginning to circle near the $3.15–$3.20 zone. This area coincides with recent accumulation from early October, and a successful defense could prompt a technical bounce back toward $3.25–$3.27 resistance. Momentum indicators remain oversold, hinting that selling exhaustion may be near, though confirmation will depend on volume contraction and stabilization above the current range.
Traders watching ICP will now assess whether the token can convert short-term weakness into a higher low formation. A recovery through the $3.27 resistance could reestablish the upward bias and set the stage for a test of $3.30–$3.35, though sustained pressure below $3.15 would expose downside risks toward $3.10 and $3.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.
What to know:
- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
- Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
Top Stories
