$ICP dropped 4.77% in the past 24 hours, falling from $5.66 to $5.39 as strong selling pressure broke key support at $5.55. The token traded within a 5.3% range between $5.68 and $5.35, with volume spiking to 647,663 contracts—well above average. Despite brief stabilization near $5.38, bears maintained control, repeatedly testing this support level. Resistance has formed at $5.44 as recovery efforts lose steam. While the DFINITY Foundation continues advancing its ecosystem with Internet Computer 2.0, the developments haven't yet sparked a bullish price turnaround.
