The Internet Computer (ICP) price just had one of its strongest runs in months, but the momentum didn’t last long. After rallying sharply last week, the price is now slipping again and trading around a key support level of $6 that everyone is watching.
The chart shows a clean pullback toward the $6 zone, and according to many traders, this level could decide whether ICP gets another leg higher or continues to cool off.
A lot of this sentiment comes from a fresh analysis shared by Sjuul, who pointed out that the ICP price had a great breakout but is now dipping faster than expected. He noted that bulls need to show up soon and defend the $6 support.
Without that push, the structure starts looking weak, and the recent rally could fade into a deeper retracement. The question right now is simple: will buyers step in again, or is the move already losing steam?
What the ICP Chart Is Showing
The chart shared by the analyst makes the current situation clear. After last week’s strong surge, the ICP price failed to hold above its local highs and has been steadily dropping back toward the support band around $6.
This zone has already acted as a reaction point twice, which means traders are treating it as an important level. If the price taps this area again and buyers respond with strength, the market could easily start forming another higher low.
But right now, the candles look heavy. Momentum is slowing, and the recent red candles show that the pullback is steeper than the earlier dips.
The short-term trend is still technically bullish since the structure hasn’t broken yet, but it’s entering a risky phase. If ICP loses the $6 area decisively, the entire move from last week gets put into question.
Furthermore, the immediate support sits right at the $6 zone. This level is acting like a last line of defense for bulls. It’s where the previous breakout started forming, and it’s the closest point where buyers have stepped in with conviction.
If the ICP price breaks below this zone, the next area traders will look at is the $5.30–$5.50 region. This is where price consolidated earlier and where some buyers are likely waiting with limit orders. A move that deep would confirm that the bullish momentum has cooled off completely.
On the upside, resistance sits around the recent local tops near $7.20. That’s the level ICP needs to reclaim to confirm the next leg higher. Without a strong bounce from support, getting back there becomes much harder.
Read Also: JasmyCoin (JASMY) Price Has Been Quiet: Here’s What Could Change Everything
ICP Price Prediction for the Next Few Days
The next move for the Internet Computer price depends entirely on what happens at the $6 support. If buyers step in and defend the $6 level, ICP could bounce back toward $6.80–$7.20, which would bring the bullish mood right back and keep last week’s rally alive.
But if ICP drops below $6, the price could fall into the mid-$5 range, signaling a deeper pullback. That wouldn’t ruin the long-term outlook, but it would show that the recent excitement faded much quicker than many expected.
Right now, the price action is simple. The ICP price is sitting at a crucial level. Bulls need to show up, or the chart will start favoring a deeper dip. The next few candles should tell us exactly which way this move is headed.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
