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ICP Slides as Breakdown Below $4.0
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ICP Slides as Breakdown Below $4.0
ICP Slides as Breakdown Below $4.00 Triggers Elevated Volatility
ICP Slides as Breakdown Below $4.00 Triggers Elevated Volatility
Sharp 24-hour decline sends Internet Computer into fresh multi-day lows, with a high-volume support breach defining the session
By Jamie Crawley, CD Analytics|Edited by Cheyenne Ligon
Updated Dec 1, 2025, 4:31 p.m. Published Dec 1, 2025, 4:29 p.m.
What to know:
- ICP fell from $3.98 to $3.69, extending a multi-day decline.
- Volume spikes reached nearly 3x the 24-hour average during the breakdown.
- Price stabilized between $3.55–$3.65 before a modest late-session rebound.
ICP$3.7081 declined sharply over the latest 24-hour window, sliding 7.3% to trade near $3.7065 as the token broke decisively below the $3.99–$4.00 support band.
The move unfolded across an 11.3% intraday range, with the steepest losses occurring during a high-volume flush near the 23:00 UTC hour on November 30, according to CoinDesk Research's technical analysis data model.
STORY CONTINUES BELOW
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A major volume spike — 1.83 million tokens, roughly 300% above the short-term average — accompanied the breakdown through $3.99, reinforcing the technical significance of that level. Momentum extended lower into December 1, with total volume reaching 6.85 million tokens, one of the highest readings for ICP in recent days.
Price eventually steadied in the $3.55–$3.65 zone, forming a short-term base before recovering toward $3.69–$3.70. Despite the bounce, the broader structure remains bearish, with a clean series of lower highs visible on the chart and resistance now firmly established at the former $3.99–$4.00 support.
Intraday data shows a period of narrow consolidation between $3.645–$3.700, followed by a small lift that coincided with a localized volume uptick. That move helped reinforce the near-term support band but did not yet alter the overall downward trajectory.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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BONK Slides 9% as Technical Breakdown Overshadows Swiss ETP Debut
A new ETP listing in Switzerland failed to lift BONK as the memecoin fell to fresh cycle lows amid a sharp technical breach of key support.
What to know:
BONK slid 9.32% to $0.000008805 during the last 24 hours, extending a steep decline that pushed the Solana-based memecoin to fresh cycle lows.
The drop unfolded despite a notable milestone for the asset last week: Bitcoin Capital AG listed the first BONK exchange-traded product (ETP) on Switzerland’s SIX exchange on Nov. 27.
The breakdown began near $0.00000966 and accelerated through 00:00 UTC, where volume spiked to approximately 1.79 trillion tokens — about 144% above recent averages—as BONK fell through the key $0.00000936 support zone, according to CoinDesk Research's technical analysis data model.
The decline extended toward $0.00000876, defining the day’s low and marking a continuation of the lower-highs pattern visible across the 24-hour chart. The trading range of roughly $0.00000142 represented nearly 15% intraday volatility, underscoring the heightened sensitivity of high-beta meme assets to technical inflection points.
Price stabilized as volume tapered, narrowing movement to a tight band between $0.00000878 and $0.00000885. Short-term data showed a mild recovery attempt, with BONK forming slightly higher lows around the 14:00 UTC window and briefly ticking up to $0.00000881, though no decisive reversal was confirmed. The former $0.00000936 support level now serves as a significant overhead barrier, with interim resistance expected near $0.00000890 should recovery attempts continue.
The day’s action illustrated a divergence between structural developments — such as ETP availability on a major European exchange — and immediate market behavior, which remained governed by chart-based dynamics and sector-wide weakness.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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Internet Computer Price(ICP)
$2.987
$2.987$2.987
USD
Internet Computer (ICP) Live Price Chart
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