Internet Computer Protocol (ICP) is trading well below its earlier highs. Since the November peak, ICP is down more than 76%. From the highs earlier this year, it is down over 52%.
The article ties the drop to broader weakness in the crypto market and to Bitcoin’s decline. It notes that when Bitcoin falls, many other coins tend to fall too, and ICP followed the same pattern.
It also points to a descending trendline drawn from the November highs to the highs made last month. This line is described as technical resistance that could influence the near-term price direction.
A break above that trendline is presented as a possible shift in momentum. The piece says such a move could signal less selling pressure and renewed buying interest, creating room for a sharp rebound after a long decline.
ICP is described as highly volatile since its peak. The article says trading assets like this depends on following price trends and managing risk, and that traders should wait for confirmation from actual price movement.
We tracked Internet Computer Protocol closely throughout 2025 after its steep drop from the late-2024 highs. That period came with broad market weakness led by Bitcoin, which weighed on most altcoins. The main focus was a major descending trendline that repeatedly stopped every attempted rebound.
The technical break we expected finally came in the third quarter of 2025 and gave a clear signal. As Bitcoin found a bottom and its market dominance briefly fell below 49%, money began moving back into higher-risk assets like ICP. This helped confirm that sellers were running out of strength, and buyers stepped in more decisively.
In the coming weeks, derivatives traders should watch implied volatility, which is still high. Data from crypto analytics platforms shows ICP’s 30-day historical volatility is near 95%, much higher than Bitcoin’s 60%. That makes buying call options a costly way to get bullish exposure.
A potentially better approach is a bull call spread. This means buying a call option and selling another call at a higher strike price. Doing both reduces the premium you pay and sets a clear maximum risk. It can work well in a high-volatility market when you expect a steady rise rather than a sudden surge.
If you already hold ICP, consider using put options to help protect gains from the rally since last year. Because ICP has a history of sharp drawdowns, hedging can be a sensible risk tool. Recent on-chain data shows daily active addresses have risen about 15% since December 2025, which suggests growing network use. Even so, it does not remove the risk of a technical pullback.
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