Professional News Style (CoinDesk-style)
Internet Computer Slips as Sellers Test $3.15 Support, Bulls Eye Short-Term Rebound
27/10/2025
Internet Computer Protocol (ICP) dropped 2.39% on Monday to trade near $3.19, extending losses amid continued weakness across mid-cap altcoins. The token’s break below $3.27 support triggered renewed selling and a round of short-term liquidations, data from CoinDesk Research’s technical model showed.
ICP briefly touched $3.31 before sliding to an intraday low of $3.15, with trading volume doubling to 860,100 tokens — a sign of active repositioning after the breakdown.
Despite the retreat, traders are watching closely for a rebound from the $3.15–$3.20 zone, an area that previously attracted dip buyers in early October. Momentum indicators suggest ICP is entering oversold territory, signaling possible exhaustion among sellers.
A rebound above $3.27 could reestablish short-term bullish momentum and open the door toward $3.30–$3.35, while a continued drop below $3.15 would likely expose downside risk toward $3.10.
