ICP Price Crashes 25% After Hitting $6.50 High - Market Analysis & Price Prediction

The Internet Computer (ICP) cryptocurrency experienced a dramatic 25% price correction after reaching a peak above $6.50. This sharp decline follows a recent surge that pushed ICP to multi-week highs, triggering significant profit-taking among investors. Market analysts attribute this volatility to changing market sentiment and technical resistance levels. Trading volume for ICP has increased substantially during this price movement, indicating heightened trader activity. The ICP price drop reflects broader cryptocurrency market trends where assets often retrace after rapid gains. Experts recommend monitoring key support levels for potential entry points as ICP stabilizes.