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ICP Falls 11.2% to $6.69 After Losing Key $7.00 Support
Internet Computer (ICP) slides 11.2% to $6.69 after breaching key support at $7.00, with volume surging 94% above average amid heightened volatility.
Nov 10, 2025, 4:47 p.m.
What to know:
- ICP slid 11.2% to $6.69, breaking through the $7.00 support level.
- Trading volume surged 94% above the 24-hour average at the breakdown point.
- Final-hour acceleration pushed prices to session lows near $6.67.
slid Monday, dropping 11.2% to $6.69 as the token broke below key technical support at $7.00.
The decline extended a week-long retreat following last week’s rally to $8.76, marking one of ICP’s steepest intraday drops in recent months, according to CoinDesk Research's technical analysis data model.
STORY CONTINUES BELOW
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Volume spiked to 6.31 million tokens at 04:00 GMT, roughly 94% above the 24-hour average, confirming a decisive breakdown through support levels. The move established $7.00 as new resistance level while forcing the token into oversold territory near $6.70.
ICP’s chart structure now reflects clear bearish momentum following the failure of $7.00 support, with downside pressure likely to persist if the token remains below this threshold. Analysts identified $6.65–$6.70 as the next key support band, where short-term stabilization could occur before any rebound attempt.
Sustained price action below $7.00 could extend the drop toward $6.50, while a recovery above that level would be required to re-establish short-term bullish footing.
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.
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