Internet Computer (ICP) Price Falls Below Key Support as Crypto Market Struggles – October 2025 Analysis

The broader cryptocurrency market continues to struggle for stability following the massive wipeout on October 10, which erased billions in market capitalization and sent several altcoins tumbling to multi-month lows. Internet Computer (ICP) has not been spared, as the token extended its losses into late October, breaking below key support levels that had held firm for months.

From early October, ICP traded within a narrow range near the $4.50–$5.00 region — a zone that coincided with the 100-day and 200-day moving averages. However, the October 10 crash triggered a sharp sell-off that pushed prices beneath the multi-month consolidation box (highlighted on the chart), marking a significant technical breakdown from the roughly eight-month accumulation range between $4.00 and $6.00.

As of writing, ICP is trading around $3.11, down over 35% since the first week of October. The daily chart shows that the price has been unable to reclaim its lost ground, consolidating near its recent lows as sellers maintain control. The exponential moving averages (EMA 20, 50, 100, and 200) have all turned downward, reinforcing the bearish momentum, with the nearest resistance now seen around $3.60 and $3.98 — previous support levels that could act as supply zones in any short-term rebound.

Bearish Scenario

If bearish pressure persists, ICP risks revisiting the psychological $3.00 mark or even extending lower toward $2.80–$2.50, levels not seen since late 2023. The breakdown below the long-term horizontal support around $4.00 signals potential continuation of the downtrend unless a strong reversal pattern emerges. Momentum indicators are likely pointing to oversold conditions, but so far, buyers have shown little conviction to defend these lows.

A sustained close below $3.00 would confirm further weakness, possibly opening the door to a deeper correction toward the $2.20–$2.00 zone. Market sentiment remains fragile, and with Bitcoin still struggling to regain $120,000, altcoins like ICP could see extended consolidation or downside drift.

Bullish Scenario

On the flip side, if ICP manages to hold above $3.00 and attract dip buyers, a recovery attempt toward the broken $4.00–$4.50 range could unfold. A daily close above $4.00 would be a strong technical signal suggesting that selling exhaustion has set in. Such a move could invite renewed buying interest, with further upside targets near the 50-day EMA ($3.98) and 100-day EMA ($4.46).

However, any recovery would likely face headwinds from the overhead moving averages that have now converged into a dense resistance cluster — a technical ceiling that bulls must overcome to regain momentum.

Outlook

The broader market’s inability to recover swiftly from the October 10 sell-off highlights prevailing caution among investors. For ICP, the path of least resistance remains downward until price action demonstrates clear strength above the mid-$3 range. Traders may need to stay alert for volatility spikes, as compressed price action near the lows could precede a sharp reaction in either direction.

Until then, Internet Computer remains on watch for a potential base-building phase — but the burden of proof lies with the bulls.