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ICP News: Internet Computer Falls Nearly 25% Following Surge to Over $6.50

Internet Computer (ICP) fell to $4.99, down nearly 25% after a significant rally that saw it peak at over $6.50. This decline follows a profit-taking phase that capped earlier gains, despite a robust trading volume hitting 20.48 million tokens, significantly exceeding its 30-day average. Support levels are established around $4.77, while resistance is noted between $5.20 and $5.40. Although ICP outperformed many major cryptocurrencies earlier in the week, it has recently entered a period of consolidation. Analysts emphasize that ICP's high trading volume indicates persistent institutional interest, amid an otherwise declining broader cryptocurrency market. A sustainable rebound above $5.20 could rekindle bullish momentum, but failure to maintain above the $4.77–$4.80 range could signal a deeper correction toward $4.50.

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