ICP Price Plunges 25% After Record High, Volatility Engulfs Altcoin Market

Internet Computer (ICP) experienced a notable correction on Wednesday, plummeting nearly 25% from its recent peak above $6.50 after a sharp surge earlier in the week. The token now consolidates near $5.00, with key support at $4.77 and resistance around $5.20–$5.40. This reversal follows a dramatic 64% rally that lifted ICP above $6.50. 20.48 million tokens were traded, over four times its 30-day average, indicating high market participation and volatility.