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

The Internet Computer (ICP) dropped to $4.99 after a significant rally that saw its price surge over $6.50, marking a decline of nearly 25% from its peak. On November 5, 2025, ICP was unable to maintain momentum above the $6 level, as profit-taking and high trading volume capped gains. Trading activity reached 20.48 million tokens, quadrupling its 30-day average, as prices fluctuated between $4.77 and $6.35. Despite this decline, analysts highlighted that ICP's heightened trading volume indicates ongoing institutional interest in the token, even amid volatility. Currently, ICP has established support near $4.77, while resistance is noted around $5.20 to $5.40. A sustained movement past this resistance level could indicate a resurgence of bullish momentum, whereas falling below the support may lead to further declines towards the $4.50 range.

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