Internet Computer (ICP/USD) Market Struggles Below Resistance With Bearish Continuation Likely Ahead
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Internet Computer Price Prediction — April 20
ICPUSD market struggles below resistance with bearish continuation likely ahead. Any pullback to the upside is likely to get halted by the bearish order block above $5.6110.
The RSI (Relative Strength Index) is hovering around 39, indicating weak bullish momentum and lingering bearish pressure. The 9-period SMA at $4.870 is positioned above current price, reinforcing the downside bias. Price has been consistently trading below this short-term moving average, suggesting a lack of upward strength and continued trend pressure. Despite brief recovery attempts, neither the RSI nor the SMA show signs of a bullish reversal, keeping sentiment bearish overall.
ICP/USD Market Key Levels:
Resistance levels: $6.800, $10.050, $12.760
Support levels: $4.960, $4.000, $3.000
ICP/USD – Daily Chart
The ICP/USD daily chart shows that the market’s overall trend is bearish.
Price action confirms a bearish structure with consecutive break-of-structure (BOS) labels pointing to lower lows and lower highs. The recent rejection after the formation of the order block around $5.610 reinforces strong supply at that level, keeping bulls in check.
Current price sits around $4.720, struggling to sustain above the $4.830 level. Repeated failures to remain above this level further validate the prevailing downward trend.
What is the projection for the ICPUSD market?
Looking forward, if price makes another attempt toward the $5.610 order block, it may face another strong rejection, setting up a move downward. A confirmed break below the $4.000 support could trigger a sharper selloff toward the next major support near $3.000.
Until bulls reclaim and hold above $6.800, the bias remains bearish. Sellers appear firmly in control unless broader market conditions change to shift momentum.
ICP/BTC Price Analysis
ICPBTC remains bearish as price continues to trade below the descending trendline and the 9-period SMA, currently at 0.0000580. The RSI is weak at 31.89, suggesting bearish momentum is still dominant with no sign of reversal yet.
Price is approaching the 0.0000600–0.0000620 resistance zone, where sellers are likely to defend strongly. If rejected again, a drop toward the 0.0000500 support level is probable in the near term.
Internet Computer (ICP) Current Statistics
The current price: $4.720
Market Capitalisation: $2,350,000,000
Trading Volume: $55,670,000
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