ICP Price Stuck Below Key EMAs as Bears Remain in Control

The ICP cryptocurrency continues to face challenges, trading beneath crucial technical indicators such as the 9-day and 20-day exponential moving averages (EMAs). As bear market trends persist, there's limited recovery momentum. This article explores the current technical analysis for ICP and highlights the support and resistance levels to watch for future price movements.

Key Takeaways

ICP is trading below its 9-day and 20-day EMAs, showing a sustained bearish trend.
The Moving Average Convergence Divergence (MACD) indicates negative momentum, while the Relative Strength Index (RSI) remains neutral.
Current price action is restricted within tight bid and ask walls, limiting potential breakout chances.
Key resistance levels must be overcome for a price recovery, while significant support exists at lower price levels to guard against declines.

ICP price chart trading below key EMAs with bearish momentum

Main Content

The Internet Computer Protocol (ICP) cryptocurrency trades below its essential 9-day and 20-day exponential moving averages, reflecting continued bearish momentum, according to market analysis. Following a prolonged downtrend, the asset shows limited recovery efforts and has struggled to regain its short-term moving averages.

Recent daily closing prices have attempted to establish support in the middle trading range, but the cryptocurrency has not yet succeeded in reclaiming these crucial EMAs, according to chart data.

"Looks like #ICP will start to move soon this week after Wednesday, likely path drawn and this trendline should support the move. $ICP will be very strong as long as we stay above $2.8 on a weekly basis. Watch today's close for further strength."
— Brain2jene💫 (@brain2jene) December 2, 2025

Current technical indicators provide mixed signals for traders. The MACD remains in the negative territory, although the histogram bars appear to be contracting recently, which could indicate a potential easing of downward pressure. Meanwhile, the RSI is hovering in the low-40s range, suggesting there are neither oversold conditions nor strong bullish momentum.

For ICP to advance in price, it faces resistance at several points where previous rejections have occurred. Overcoming the 9-day EMA would be the first key technical challenge, followed by even higher resistance levels identified through historical trading activity.

Conversely, there are support levels significantly lower that were established during past market dips. The gap between the current trading range and these support levels highlights potential risks if stabilization efforts do not succeed.

ICP Faces Rejection at Multiple Levels

Order book data reveals three important bid walls that currently provide essential liquidity support. The closest bid wall acts as an immediate barrier against further declines, but if this level is breached, ICP could face additional downward pressure toward deeper support structures.

On the flip side, several ask walls present obstacles to any price recovery efforts. Clearing the first major ask wall could facilitate movement towards higher resistance levels, where a larger concentration of liquidity is found at key psychological price points.

Technical analysts have noted that while indicators maintain a bearish outlook, the decelerating rate of decline in MACD readings paired with stabilizing RSI levels suggests that sideways trading may occur instead of a straightforward continuation of the downward trend.

A sustained closing above the 9-day exponential moving average would indicate a possible shift in short-term momentum, according to standard technical analysis frameworks. More cautious traders may prefer to see the asset reclaim primary resistance levels to confirm any structural trend reversal.