The post ICP, LINK, OP Double-Digit Drop appeared on BitcoinEthereumNews.com.

ICP struggles near $6.00 support as rising volume signals continued market pressure. LINK faces resistance at $15.20, needing momentum to reverse its downward trend. OP must hold $0.95 support to avoid deeper losses amid strong investor sell-offs. Internet Computer (ICP), Chainlink (LINK), and Optimism (OP) have all taken a hit lately, with their prices moving downwards, reflecting wider market trends and how investors are feeling.  Even though they’ve dropped noticeably, these cryptocurrencies are still important in the blockchain world. How their prices are acting now could show us where they might be headed, with key price levels showing where they might find support or meet resistance in the future. Internet Computer (ICP) Under Pressure to Sell ICP has witnessed a sharp decline, dropping from $6.81 to $6.06 within 24 hours. This represents a 10.99% decrease, reflecting heightened selling activity.  Right now, its market value is about $2.91 billion, but the amount of trading jumped up by 87.69%, reaching $151.41 million. This means more people are trading it, even though the price is going down. The $6.00 price mark is a key support level, kind of like a mental floor. If the price goes below this, it could drop further to $5.80, and then maybe to a historically strong support level at $5.50.  If the price tries to go up, it might hit resistance around $6.20, with even stronger resistance at $6.40 and $6.80. If it can break through these ceilings, it might mean the price is about to turn around and go up again. Related: Analyst: JUP, ICP, AR, DOGS Primed for Massive Breakouts Chainlink (LINK) Affected by General Market Weakness LINK has suffered an 11.75% decline, falling from $16.67 to $14.72. Market capitalization has dropped to $9.39 billion, while trading volume surged by 201.57% to $1.01 billion. This suggests…

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Filed under: News - @ February 25, 2025 3:23 pm