The price of Internet Computer (CRYPTO:ICP) is currently testing a crucial support level at $10.83, with the potential for a significant decline if this support is breached.

The Chaikin Money Flow indicator indicates a shift in sentiment among investors, with a notable decrease in buying pressure.

Additionally, there has been a sharp decline in Open Interest in the futures market, signaling scepticism among traders.

If ICP fails to hold above $10.83, it could potentially reach a six-month low, with further downside targets at $10 and even $9.

However, a rebound from this support level could propel ICP towards $12, potentially invalidating the bearish outlook.