ICP Loses Key Support as Token Falls 7% in Heavy Institutional Selling

Internet Computer Protocol (ICP) fell implicit the past 24 hours, losing 7% of its value.

The token dropped to a debased of $5.27, breaking done captious enactment levels and raising concerns astir sustained organization involvement successful the project, according to CoinDesk Research's method investigation information model.

Market information showed ICP falling beneath the $5.48 enactment threshold during the aboriginal hours of Aug. 18, with trading enactment spiking to 708,905 units, astir treble the regular mean of 386,248 units. Analysts flagged this signifier arsenic grounds of coordinated selling among ample investors and firm treasury desks. A bounce was short-lived, with the token falling backmost to $5.29.

The crypto marketplace astatine ample is dealing with bearish unit pursuing an ignition of concerns implicit U.S. ostentation aft last week's Producer Price Index (PPI) speechmaking for July 2025 was hotter than expected.

A downturn successful the broader crypto marketplace tin summation selling unit connected tokens similar ICP owed to a wide risk-off sentiment, reduced liquidity, and the inclination of investors to merchantability much speculative assets first.

Technical Analysis

• ICP fell 7% from $5.67 to $5.27 connected Aug. 17–18.
• Critical enactment level astatine $5.48 was breached during aboriginal Aug. 18 trading.
• Volume surged to 708,905 units, astir treble the 24-hour mean of 386,248 units.
• Recovery attempts failed, with a 1.12% driblet from $5.35 to $5.29.
• Current terms consolidation adjacent $5.29 reflects waning organization participation.

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