“ICP Breaks Below $ 5.48 Support With Volumes Nearly Doubling, Signaling Large-Scale Institutional Selling”, – WRITE: www.coindesk.com
The token Droped to A Low of $ 5.27, Breaking Through Critical Support Levels and Raising Concerns About Sustaned Institute Interest in The Project, Access to Condress Reseurek Resenger.
Market Data Showed ICP Falling Below The $ 5.48 Support Thresold During the Early Hours of Aug. 18, with Trading Activity Spiking to 708,905 UNITS, Nearly Double the Daily Average of 386,248 Units. Analysts Flagged this Pattern as evidence of Coordinated Selling Among Large Investors and Corporate Treasury Desks. A Bounnce Was Short-Lived, With The Token Falling Back to $ 5.29.
The Crypto Market at Large Is Deling with Bearish Pressure Following An Ignition of Conceerns Over US Inflation After Last Week’s Producer Price Index (PPI) Reading For July 2025.
A Downturn in the Broader Crypto Market Can Increase Selling Pressure on Tokens Like ICP DUE TO A General Risk-Off Sentiment, Reduced Liquingity, and The Tendency of Innostors Tovestors Tovestors.
Technical Analysis
- ICP Fell 7% from $ 5.67 to $ 5.27 On Aug. 17-18.
- Critical Support Level at $ 5.48 Was Breached During Early Aug. 18 Trading.
- Volume Surged to 708,905 UNITS, ALMOST DUBLE The 24-HOUR AVERAGE OF 386,248 UNITS.
- Recovery Attempts Failed, with A 1.12% Drop from $ 5.35 to $ 5.29.
- Current Price Consolidation Near $ 5.29 Reflects Waning Institutional Participation.
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