Internet Computer (ICP) Price Drops 11% to $6.69 as $7.00 Support Breaks on Heavy Volume

ICP$6.8779 slid Monday, dropping 11.2% to $6.69 as the token broke below key technical support at $7.00.

The decline extended a week-long retreat following last week’s rally to $8.76, marking one of ICP’s steepest intraday drops in recent months, according to CoinDesk Research’s technical analysis data model.

Volume spiked to 6.31 million tokens at 04:00 GMT, roughly 94% above the 24-hour average, confirming a decisive breakdown through support levels. The move established $7.00 as new resistance level while forcing the token into oversold territory near $6.70.

ICP’s chart structure now reflects clear bearish momentum following the failure of $7.00 support, with downside pressure likely to persist if the token remains below this threshold. Analysts identified $6.65–$6.70 as the next key support band, where short-term stabilization could occur before any rebound attempt.

Sustained price action below $7.00 could extend the drop toward $6.50, while a recovery above that level would be required to re-establish short-term bullish footing.

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