2025-12-25 08:26:04

ICP price retracement, altcoins are once again losing value.

Internet Computer has fallen 0.88% in the past 24 hours, and market panic is spreading.

Where is the problem? Look from two angles:

First is the overall risk appetite decline. The Fear & Greed index is only 27, which basically means the market is scared. Investors are cutting positions, and money is flowing into Bitcoin, a typical rotation of risk assets. Secondly, from a technical perspective, ICP broke through the $3.12 Fibonacci resistance level, showing clear signs of a false breakout. The quick resistance to the rebound indicates that upward momentum is simply insufficient.

In the short term, ICP still needs to follow the market sentiment. As long as BTC hasn't moved into an independent trend, the rebound space for altcoins will be very limited.

ICP2.24%

BTC1.01%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
3
Repost
Share

Comment

0/400

SeeYouInFourYears

· 6h ago

Here we go again, more people getting chopped. This round really isn't interesting. This time they went back to buy the dip in BTC, it's hilarious. The technical outlook for ICP has collapsed, it can't even hold @3.12, no wonder everyone is fleeing. Honestly, as long as Bitcoin doesn't rise, all coins are useless. The panic index is at 27, I wonder how much further it will fall... Altcoins aren't just bleeding this wave; they're hemorrhaging heavily. There's no point in struggling anymore. Still waiting for that independent market trend, it's been two months already.

View OriginalReply0

AirdropChaser