ICP Technical Analysis Feb 14

ICP, despite a strong 4.87% recovery in the last 24 hours reaching the $2.41 level, the overall downtrend maintains its dominance; with RSI at 35 approaching the oversold region, critical supports around $2.00 are ready to be tested.

Market Outlook and Current Situation

Internet Computer (ICP) market is trading at the $2.41 level as of February 14, 2026, recording a 4.87% rise in the last 24 hours and moving within the $2.28-$2.44 range. This short-term relief rally can be evaluated as a breathing opportunity within the overall downtrend. Volume is realized at $47.07 million, while market depth remains limited. ICP’s performance in recent weeks draws a typical profile in the group of altcoins crushed under Bitcoin’s dominance: the main trend is downward, but daily candle closes reflect short-term buyer interest.

In the general market context, ICP’s price continues to stay below EMA20 ($2.66), strengthening the short-term bearish signal. The Supertrend indicator also points to the $3.13 resistance, limiting upward movements. According to multi-timeframe (MTF) confluence analysis, a total of 7 strong levels have been identified across 1D, 3D, and 1W charts: 2 supports on 1D, 1 support/1 resistance on 3D, and 2 supports/3 resistances on 1W. This distribution indicates that downward pressure outweighs, but the intermediate support around $2.37 keeps recovery potential alive. Although development news in the ICP ecosystem is limited, liquidity flows that can be followed from the ICP Spot Analysis pages are noteworthy.

Market volatility is at around 7% with the 24-hour range, while the overall trend continues downward. ICP’s market cap is under pressure due to being kept away from altcoin rotation; however, possible consolidation in BTC could provide short-term breathing room for projects like ICP. In this context, investors should closely monitor candle formations on the daily chart.

Technical Analysis: Levels to Watch

Support Zones

ICP’s strongest support level stands out at $1.9989 (score: 73/100); this level shows high confluence on the 1D timeframe and could function as one of the historical bottom tests. If the price slides toward here, aggressive selling pressure may come into play, but the strength of the score suggests a high bounce probability. Immediately above it, $2.3763 (score: 66/100) is positioned as an intermediate support; the rise in the last 24 hours has partially tested and held this region. 3D and 1W supports in MTF analysis also strengthen this cluster, making the $2.00-$2.38 band a critical zone for buying opportunities.

Breaking these supports could trigger deeper corrections; for example, additional supports on the 1W timeframe point to $1.80s. Looking at historical data, ICP has experienced 20-30% pullbacks in similar support tests, supporting the continuation of the current downtrend.

Resistance Barriers

Although strong resistance levels (score >=60) have not been detected in the current analysis, EMA20 ($2.66) and Supertrend ($3.13) should be monitored as dynamic barriers. These levels are the first hurdles limiting the short-term rally; breaking $2.66 could signal a momentum shift. The 4 resistances on 3D and 1W timeframes (part of the total 7 levels) cluster in the $3.00-$3.68 band, but reaching the low-score bullish target at $3.6774 (score:42) is low probability. For ICP Futures Analysis, these resistances are important for liquidity hunts in futures contracts.

The lack of resistance reflects the strength of the downtrend; the price may be rejected in upward tests without volume increase. Overall, resistances are dynamic and weak in position, making them attractive for short positions.

Momentum Indicators and Trend Strength

RSI (14) at 35.06, approaching the oversold region (below 30) and giving a short-term bottom signal; however, no divergence has formed within the downtrend, so sustainability is questionable. MACD histogram is negative and maintains the bearish crossover, with clear momentum loss below the signal line. EMAs hierarchy is disrupted: Price is below EMA20, while EMA50 and EMA200 are higher up ($3.00+), reinforcing the death cross structure.

Supertrend is in bearish mode, confirming trend strength. On MTF, 1D is bearish, 3D neutral-bearish, 1W strongly bearish dominant. In the volume profile, buyer volume remains low while selling pressure dominates; this combination shows the trend strength is downward. The short-term 4.87% rise can be interpreted as a relief rally due to oversold RSI, but negative divergence in MACD may limit the rally.

Risk Assessment and Trading Outlook

The risk/reward ratio, calculated from current levels, offers a 17% drop (risk) to the $1.9989 support in the bearish scenario, and a 52% rise (reward) to the $3.6774 target; however, due to the low-score bullish target, the R/R balance favors bearish (approximately 1:0.6). Although bearish targets like -$0.1349 show model error as irrational levels, a drop to $1.80s is possible in downtrend continuation. In the positive scenario, a $2.66 breakout could trigger momentum, but probability is low.

Overall outlook is bearish: Short-term bounces can be used for short entries rather than buying opportunities. Volatility is high, stop-losses should be positioned above supports. Unless market rotation turns to altcoins, ICP remains limited; risk management should be prioritized.

Bitcoin Correlation

ICP shows high correlation with BTC (%0.85+); BTC’s downtrend at $69,180 (24h +4.64%) limits ICP’s recovery. BTC supports at $68,922, $65,346, and $60,000 are critical; breaks here could drag ICP below $2.00. Resistances at $71,248, $75,134, and $78,145; while BTC Supertrend is bearish, altcoins remain under pressure.

If BTC loses the $68,922 support, a cascade effect with 10+% drop is expected in ICP. Conversely, if BTC breaks $71,248, a $2.66 test comes into play for ICP. Rising dominance delays altcoin rotation.