ICP price drops 6.53% as support test looms at $2.79
Internet Computer (ICP)
Editor:
Eugene Serbin
tradersunion.com reports that Internet Computer (ICP) has declined 6.53% to trade at $2.92. The asset currently sits below its short- and medium-term moving averages, specifically the MA-20 and MA-50 levels. However, it retains support above the long-term trend indicator, the MA-200.
On the daily chart, the Ichimoku Kijun at $3.01 defines immediate resistance. Momentum signals show a Strong Sell MACD, a Neutral ADX, and a Sell bias confirmed by the Stochastic RSI. The RSI prints 48.4, while Bull/Bear Power indicates some intraday buyer activity despite the overall downside dominance.
Analysts note that ICP was previously trading in a consolidating range with high upside potential. The current technical setup marks a shift to downside risk, making the $2.79 support level crucial. A breach below this level would risk further selling and a test of long-term support.
How the market reacted
Whalio's own Binance spot order flow for ICP, measured when this story was written up on 24 September 2026. Not the outlet's figures.
Whalio data shows ICP trading at $2.93 with a 1-hour buy ratio of 45.0% and a 4-hour buy ratio of 48.5%. These short-term figures are below the 24-hour buy ratio of 50.0%, indicating that buying pressure is fading relative to the daily average. The 1-hour volume delta is -$343,602, showing that sellers are currently dominating the flow. The 4-hour volume delta is -$38,603, confirming that selling pressure persists over the medium term. The 24-hour volume delta is +$14,910, meaning net buying has occurred over the full day despite recent intraday selling. This suggests that while the day ended with net inflows, the immediate momentum is shifting toward the downside.
The latest daily buy ratio of 47.1% sits at the 17th percentile of the last 323 days, against a median of 49.2% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ICP, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 51.3%, compared to the latest day's 50.0%, a difference of 1.3 points. Spot volume was 2.15x the average, indicating an unusual level of activity for this coin. The 8-day price change was +13.8%, with a total volume delta of +$1,771,821. While the recent 24-hour volume delta was positive, the short-term buy ratios are lower than the weekly average. This marks a shift from the strong net buying seen over the past week to a more balanced or slightly bearish immediate flow.