The Internet Computer (ICP) continues to fall, adding to its recent negative performance. In the past 24 hours, the ICP has depreciated by 3.09%, indicating a cautious level of trading activity. On a weekly basis, the ICP has depreciated by 15.46%.
As of February 11, 2026, the token is trading at $2.29, trading below all major moving averages. Volume in the last 24 hours reached $58.26 million, down 16.71% from the previous day, with a market capizaltion of $1.25 billion, as per CoinMarketCap.
Also Read: ICP Breakout Above Resistance Could Target $14 Pivot High
Technical Indicators Confirm Bearish Momentum
On the weekly chart, the token is forming a clear and consistent downtrend, with the price stuck at $2.31 and below all major moving averages. The 20-period moving average is seen at $3.62, the 50-period at $4.55, the 100-period at $7.31, and the 200-period at $6.86. The formation of lower highs confirms that the bears are in control.
Bollinger Bands (20,2) indicate increasing volatility, with the lower band at $1.40 and the upper band at $5.83. The current market is in the lower region, indicating a possible downtrend. On the TradingView chart, major resistance levels are at $3.20-$3.60, $4.55, and $6.80-$7.30, while the support levels are at $2.00, $1.90, and $1.40.
A further move towards $1.90, with a possible drop to $1.40, seems to be the more likely course, unless it can close above $3.60 and then $4.55. A trend reversal would be indicated only if it closes above the $6.86-$7.31 level. Until the moving averages are smoothed out and higher highs are made, any moves are likely to be only corrections in the overall trend.
Pakistan Partners with DFINITY for Sovereign Cloud on ICP
Pakistan has partnered with DFINITY to build a sovereign cloud on the Internet Computer ($ICP). This historic partnership includes a Pakistan sovereign subnet, which ensures that all sensitive data remains inside the country.
This move is a step towards making the country cloud-independent and less dependent on international cloud services, such as AWS.
The deal also brings in a National Messenger Service based on ICP and an AI-driven government infrastructure, with the backing of 1,500 caffeine licenses.
With more nations embracing digital sovereignty, Pakistan leads the way. A shift towards self-sovereign digital infrastructure is imminent as governments worldwide look for an alternative to the cloud giants.
Why This Matters
Traders are advised to keep an eye on the support levels of $2.00 to $1.90 for ICP, as any further drops could accelerate bearish momentum this week.
The partnership between Pakistan and DFINITY to develop a sovereign cloud on ICP shows the increasing adoption and institutional interest in the technology.
Also Read: Internet Computer (ICP) Set to Surge: Key Price Targets $4–$17.50
