Highlights

Internet Computer (ICP) has experienced a significant drop of 5.57%, reaching $4.8119 and marking a notable descent from its earlier surge in November. The trading volume notably increased to nearly double the average as ICP breached the $5.00 benchmark, reinforcing the bearish trend. The critical support zone lies around $4.69–$4.70, serving as a focal point for resistance and potential recovery attempts. This retreat in ICP’s price exemplifies ongoing volatility within the cryptocurrency market.

Sentiment Analysis

• ICP's descent below $5.00 has sparked a predominantly bearish sentiment in the market, driven by traders’ concerns over sustained declines.
• The sharp increase in trading volume suggests active investor engagement, yet signals a wary outlook as attempts to surpass the $5.00 mark were unsuccessful.
• Intraday data indicates efforts to stabilize near key support levels, fostering a mixed sentiment among market watchers observing the token’s resilience at $4.69–$4.70.

Article Text

Internet Computer (ICP) witnessed a marked decline of 5.57%, settling at $4.8119. This downturn extends a larger pattern of retreat from its peak levels seen earlier in the month. Breaking below the $5.00 mark—a psychological and technical marker—has intensified bearish sentiment across the trading community. According to CoinDesk Research's technical analysis, this level has historically acted as a pivot, making its breach particularly significant.

The broad trading range spanned $4.69 to $4.8119, with trading volume climbing 98% above the daily average, highlighting increased market activity. The move is further characterized by prices failing to hold above the $5.00 level, which now functions as a robust resistance point. Attempts at intraday stabilization around the lower $4.70 range suggest the presence of underlying demand, yet these efforts have so far failed to establish a firmer recovery path.

Despite several efforts to restore stability, ICP remains in a consolidation phase characterized by cautiously optimistic prospects. Immediate resistance can be found near $4.75, with the more critical $5.00 level looming above. The key support zone between $4.69–$4.70 remains pivotal, determining ICP's path forward. A deeper retracement may be on the horizon should this support level falter in the coming sessions.

CoinDesk, recognized for its in-depth cryptocurrency industry coverage, highlighted that increased trading activity and large-volume transactions underscore current market dynamics. While the bearish shift is evident, the situation may evolve as market participants reassess their positions and sentiments. Meanwhile, the GoPlus App and SafeToken Protocol, contributing significantly to GoPlus's revenue, continue to be monitored as major industry benchmarks.

In financial terms, GoPlus announced having achieved $4.7M in revenues as of October 2025, spotlighting the importance of its application and protocol in the context of blockchain technology growth. Additionally, the rise in the number of entities holding substantial Bitcoin assets aligns with market trends, offering insight into investor behaviors as digital currencies face fluctuating valuations.

Key Insights Table