The discussion around Internet Computer price prediction 2025 has intensified as ICP/USD faces a sharp correction while on-chain transactions have suffered, too. However, adoption metrics still signal long-term strength. Despite the recent decline visible on the Internet Computer price chart, traders are assessing whether the current selloff sets up a major rebound or deeper breakdown ahead.
Bearish Pressure Mounts as Long Liquidations Dominate
Over the past few days, bearish sentiment has intensified, with liquidation charts revealing longs facing consistent losses. Even when writing, in the latest 24-hour period alone, $1.88 million in ICP liquidations were recorded, of which $1.70 million came exclusively from long positions.
This imbalance aligns with the broader selloff, as the Internet Computer price today has fallen too, and this week it has declined from last week’s $9.45 spike to $5.27, representing a steep 45% drop.
This rejection occurred precisely at a descending trendline originating from the March 2024 swing high.
Historically, each contact with this line has triggered sharp weekly candle based pullbacks. That’s why, as per Internet Computer price prediction 2025 outlook, it is reinforcing this technical 2-year falling wedge pattern and the third contact recently seen on technical structure.
Will the Falling Wedge Push ICP Toward New Lows Before Recovery?
The extended falling wedge on the Internet Computer price chart suggests that ICP/USD may experience further downside if historical behavior continues.
A technical extension of this channel into first half of 2026 suggests the potential for the ICP price USD to approach the $1 region, which would mark a new all-time low. Such a decline would align with the pattern’s lower boundary before any meaningful recovery.
However, if a strong catalyst emerges in Q4 2025, a rebound from the $5 zone could trigger a breakout from the wedge’s upper border. This scenario would open the path for a move back toward the $15 region before year-end. Though for this move, the current probability appears lower given the widening volatility and the absence of major catalysts.
On-Chain Weakness Confirms Short-Term Downtrend
On-chain metrics further support the near-term bearish outlook. Transfer volumes and transaction counts have dropped sharply. On November 4, ICP registered 35.6 million ICP crypto tokens moved across 172,844 transactions.
By mid-November, this collapsed to just 3.15 million tokens and 19,886 transactions. This is a dramatic contraction reflecting fading user activity during the selloff.
This decline mirrors the broader market’s risk-off sentiment, where short-term uncertainty and aggressive liquidations suppress momentum.
Long-Term Fundamentals Remain Strong Despite the Pullback
Despite the price weakness, fundamental growth within the ICP ecosystem has continued to expand. The number of registered canister smart contracts, which could be assumed as one of the core measures of network adoption. In the long run, ICP/USD has continued to grow for many years.
Also, since January 2024, the number has increased from 372,968 to 979,583 as of the current date. This reflects 2.5 times growth, confirming sustained adoption, even as the Internet Computer price forecast remains uncertain in the short term.
Therefore, while price action suggests limited upside potential through Q4 2025, the accumulation of development milestones positions ICP strongly for possible expansion in 2026.