ICP broke key supports amid volume spikes at resistance, extending a decline that followed several failed breakout attempts. The move, marked by successive gaps and negative technical readings, signals an adjustment phase after an accelerated prior rise. In the short term, the token underperformed the broader crypto market, reflecting heightened selling pressure at critical levels.
ICP lost relevant supports after failed rebound attempts, despite early November rallies of more than 30% and occasional streaks close to 90% driven by breaks of downtrend lines and tests of resistances such as $2,92 and $3,20. The sequence illustrates a market that struggled to sustain upward momentum at nearby resistance zones.
At $6,66, the token registered a volume peak 68% above the average during a failed test that could not sustain buyer pressure. In the following weeks the price successively broke $5,50, $5,17 and $4,98, with the breakeven point of approximately 47% of holders situated at $5,50, underscoring the vulnerability of demand once key levels gave way.
In a 24-hour span ICP fell 9,48%, versus a correction of 1,44% in the broader crypto market. Technical readings reinforced the bearish orientation as the MACD histogram stood at -0,214 and the RSI operated around 43,01, while the price traded slightly below the 50-day EMA ($3,87), reflecting a market biased to the downside.
Two recent episodes illustrate the volatility: on October 28, 2025, ICP registered a 1,6% rise to $3,22 upon breaking $3,20 with volume that increased 115%, reaching 1,26 million tokens traded; the following day, October 29, 2025, the test at $3,15 led to a drop to around $2,97, with volumes climbing 290% above the average.
ICP: technical details and key levels
The reversal responds to systemic and idiosyncratic factors, with Bitcoin’s retreat below $90.000 driving altcoin outflows and profit-taking after a 63% rise in 30 days accentuating selling. In several break attempts — for example, the rejection near $5,17 with volume +32% above trend — supply emerged strongly at key resistances and amplified declines, reinforcing a broadly risk-off tone across the segment.
The forecasts compiled in market analyses present divergent and conditioned scenarios: technical models point to a possible short-term recovery of about 15% toward $4,35–$4,40 if the broader market stabilizes, while more optimistic long-term projections mention targets up to $100–$120. These latter outcomes are subject to high uncertainty and dependence on institutional adoption and ecosystem expansion, according to sources cited in the analyses.
Conclusion: The sequence of failed resistances and volume spikes on rejections places ICP in a consolidation period with risk of further declines if demand catalysts do not appear.
