ICP devastated by 43.14% drop in December despite ecosystem updates
RSI at 38.27 in oversold territory
Support architecture crumbles as price trades below EMA ribbon at $3.40
ICP sheds months of gains as broader crypto market rout continues – traders question if further downside is ahead.

ICP Darts Through Multi-Year Downtrend as Bulls Target $12-13 Range
Market Structure Shifts Higher
Price action confirms breakout from multi-year consolidation with 70% weekly surge
RSI climbs to 58.2 on daily timeframe – balanced momentum with room to run
Critical support flips at $5.56 (20-day EMA) after serving as resistance since August
Internet Computer rocketed 70.16% over the past week, marking its most explosive move since the spring rally as price finally escaped the multi-year downtrend that confined it below $6.50. The breakout from this prolonged consolidation pattern arrived with conviction – volume surged 45% above the 30-day average while price sliced through multiple resistance zones in a single daily candle. The main question for traders is: can ICP sustain momentum above the newly-flipped support at $5.56, or will profit-taking trigger a retest of breakout levels?