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

The Internet Computer (ICP) has seen a significant drop, falling to $4.99 after previously surging above $6.50. This decline of nearly 25% follows a strong rally in which ICP gained up to 64% before profit-taking set in. The trading volume peaked at 20.48 million tokens, four times the 30-day average, indicating intense market activity. Support is now seen around $4.77, while resistance has formed between $5.20 and $5.40. Despite the recent pullback, ICP's performance remains notable against a backdrop of broader market declines, with analysts observing ongoing institutional interest. A failure to hold above the $4.77–$4.80 support could lead to further corrections towards the $4.50 range, while maintaining bullish momentum will require a sustained push above the resistance zone.

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