Internet Computer (ICP) Price Prediction: Will ICP Price Bounce Back From Its 99% Drop?

Internet Computer (ICP) is currently trading at $4.763, which is reflecting a 99% decline from its all-time high of over $400.

Internet Computer (ICP) price is currently struggling to recover from its 99% crash from its all-time high of over $400. The cryptocurrency is now trading at $4.763. Despite the increased on-chain activity and development, ICP TVL has been decreasing, which could hamper its recovery. However, recent developments in AI integration and decentralized applications have sparked interest among investors, suggesting potential growth.

As ICP continues its journey in the realm of Web3, its last 24-hour performances are revealing valuable insights. Over the past 24 hours, ICP has encountered a series of interesting events, which unfolded in distinct phases. Let’s take a closer look at the last 24-hour performances of ICP.

On April 21, 2025, ICP’s trading day began with notable price action within the trading range of $4.970 to $4.784. During the early trading session, ICP exhibited an upward trajectory, which unfolded rapidly from 00:30. This signaled a strong bullish wave, pushing the price to new highs.

However, at 00:30, ICP encountered an RSI Overbought situation, indicating a potential trend reversal. As the trading volume surged, indicating intense trading activity.

Likely, at 00:35, ICP experienced a short-term fall as it made contact with the resistance at $4.970 and began to move downward. This signaled a slight bearish pressure. A Death Cross on MACD at 01:25 UTC affirmed this short downtrend.

After the initial uptrend, ICP's price movements showed signs of a short-term downtrend. As expected, at 04:30 UTC, ICP found support at $4.970 and began to move upside. A Golden Cross on MACD at 05:10 UTC  asserted this uptrend.

Chart 1 – Analyzed by Buvaneswari_L, published on TradingView, April 22, 2025

At 08:25 UTC, ICP encountered an RSI Overbought situation, indicating potential downtrend. As expected, at 08:50 UTC, a pin bar, followed by a full-body red candle, signaled the downtrend. Likely, ICP resisted at $5.010, began to fall, and kept fluctuating within the moderate trading range.

At 15:05 UTC, ICP began to experience a sharp fall, broke the support at $4.822, breached a breakout, and dropped to $4.784. A Death Cross on MACD at 15:10 UTC affirmed this downtime.

At 18:10 UTC, ICP found support at $4.784, pulled back, and resisted at $4.848. A Death Cross on MACD at 21:05 UTC  signaled a potential downtrend. Likely, at 21:15, ICP resisted at $4.848, began to fall, broke the support at $4.784, and closed at $4.774.

As illustrated in Chart 1, on April 22, 2025, ICP’s trading day began with a sharp fall, demonstrating a strong bearish momentum. The price dropped significantly from the previous day’s closing price, indicating a substantial selloff.

At 00:25 UTC, ICP encountered an RSI Oversold situation, indicating a potential uptrend. As the price moved into oversold territory, it could be indicating that the selling pressure is becoming exhausted.

Likely, ICP found support at $4.71 and began to move on upside. A Golden Cross on MACD at 01:00 asserted this uptrend.

But at 01:35 UTC, a pin bar, followed by a full-body red candle, signaled a potential downtime. Likely, ICP price resisted at $4.812, began to fall, broke the support at $4.716, breached a breakout, and dropped to $4.636. A Death Cross on MACD at 02:00 UTC asserted this downtrend.

Conversely, at 06:10 UTC, ICP price movement encountered an RSI Oversold situation, indicating the potential trend reversal. Likely, at 06:40 UTC, ICP found support at $4.636 and began to move up. A Golden Cross on MACD at 07:05 UTC confirmed this uptrend.

Subsequently, at 07:35 UTC, ICP resisted at $4.749 and experienced a short downtime. But at 09:45 UTC, ICP found support at $4