Internet Computer (ICP) Bleeds, What Are The Chances For Reversal?

Internet Computer (ICP) is trading red, hovering around the $5.6 price mark today, May 2, 2023. According to its daily chart, the bearish trend began two days ago, following three-day bullish moves.
The turn in the market sentiment has resulted in the recent plunge in ICP price. Aside from this, the world’s largest cryptocurrency, Bitcoin, is also down by 1.89% over the past 24 hours.
This could also be a factor affecting ICP’s price at the moment. While a reversal is not certain, so