The Internet Computer (ICP) continued its downtrend in the short term on Wednesday, falling 1.52% in the past 24 hours as slowing trading volumes hinted at weakeningThe Internet Computer (ICP) continued its downtrend in the short term on Wednesday, falling 1.52% in the past 24 hours as slowing trading volumes hinted at weakening

Internet Computer (ICP) Slides 1.52%, Technical Setup Eyes $5.78 Resistance

The Internet Computer (ICP) continued its downtrend in the short term on Wednesday, falling 1.52% in the past 24 hours as slowing trading volumes hinted at weakening market demand.

The decline comes despite a cautious market mood that remains risk-averse due to continued infrastructure development in the ICP market.

Currently, ICP is trading at $3.65, with a 24-hour volume down 20.55% to approximately $161.19 million, according to CoinMarketCap. The market capitalization is close to $2 billion, down 1.94% for the day.

The combined downturn in price and volume indicates a lack of interest from buyers, which is due to the bearish effect.

Source: CoinMarketCap

Also Read: ICP Breakout Above Resistance Could Target $14 Pivot High

ICP Daily Chart Shows Early Structural Stabilization

However, in spite of the constant pullback, the overall price action of ICP is beginning to show signs of initial stabilization. According to crypto analyst Nehal, on the daily chart, the price movement indicates the end of a corrective wave following an initial impulsive rally.

The area around $2.95-$3.00 has consistently acted as a demand level, as buyers have consistently supported this area in recent corrections.

Technical analysis improved after ICP broke above a trendline, indicating a possible end to the patience of a bearish market. The current price is currently ranging between $3.6 and $4.1, which was a resistance area but is currently turning into a support area.

Volume profile analysis indicates strong acceptance within the current range, but low volumes on the other side indicate that any actual move will trigger faster movements.

These levels remain technically constructive as long as ICP remains above the $2.95 level of support. However, any upside predictions are purely speculative at this point and dependent on market conditions.

Source: @nehalzzzz1

With prices ranging from $2.95 to $5.78, a potential upside of 94% appears to exist. The levels to hit are $4.11, $5.78, the area between $6.50 and $7.02, and the round number of $8.00. The first level to be overcome is $5.78. The bull scenario remains valid only if prices remain above $2.95.

Swiss Subnet Strengthens Institutional Adoption Narrative

While short-term price action remains under pressure, Internet Computer’s long-term fundamentals continue to evolve. At the World Economic Forum in Davos, DFINITY founder Dominic Williams announced the launch of the Swiss Subnet, the first national subnet live on the Internet Computer network.

The Swiss Subnet enables organizations to host their applications while maintaining their sensitive data within the jurisdiction of the Swiss. The Swiss Subnet is fueled by autonomous Swiss infrastructure and is managed by thirteen independent node providers.

The subnet avoids the use of centralized clouds such as Amazon and Google. The design of the subnet emphasizes data sovereignty, neutrality, and GDPR compliance.

This development further cements ICP’s position as a Web3 infrastructure layer worthy of the government, institutional, and regulated space.

While the price action may not react immediately, the Swiss Subnet certainly gives ICP’s institutional adoption argument some weight at a time when compliance and having a clear jurisdiction are becoming increasingly important.

Why This Matters

A corresponding drop in trading volume, coupled with declining prices, suggests a lack of speculative fervor, and thus the aforementioned support levels become even more significant in determining the future market trend.

The launch of the Swiss Subnet highlights the growing attractiveness of ICP to regulated and institutional use, which may have a bearing on long-term market valuation.

Also Read: Internet Computer (ICP) Set to Surge: Key Price Targets $4–$17.50

Market Opportunity
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Turn lengthy earnings call transcripts into one-page insights using the Financial Modeling Prep APIPhoto by Bich Tran Earnings calls are packed with insights. They tell you how a company performed, what management expects in the future, and what analysts are worried about. The challenge is that these transcripts often stretch across dozens of pages, making it tough to separate the key takeaways from the noise. With the right tools, you don’t need to spend hours reading every line. By combining the Financial Modeling Prep (FMP) API with Groq’s lightning-fast LLMs, you can transform any earnings call into a concise summary in seconds. The FMP API provides reliable access to complete transcripts, while Groq handles the heavy lifting of distilling them into clear, actionable highlights. In this article, we’ll build a Python workflow that brings these two together. You’ll see how to fetch transcripts for any stock, prepare the text, and instantly generate a one-page summary. Whether you’re tracking Apple, NVIDIA, or your favorite growth stock, the process works the same — fast, accurate, and ready whenever you are. Fetching Earnings Transcripts with FMP API The first step is to pull the raw transcript data. FMP makes this simple with dedicated endpoints for earnings calls. If you want the latest transcripts across the market, you can use the stable endpoint /stable/earning-call-transcript-latest. For a specific stock, the v3 endpoint lets you request transcripts by symbol, quarter, and year using the pattern: https://financialmodelingprep.com/api/v3/earning_call_transcript/{symbol}?quarter={q}&year={y}&apikey=YOUR_API_KEY here’s how you can fetch NVIDIA’s transcript for a given quarter: import requestsAPI_KEY = "your_api_key"symbol = "NVDA"quarter = 2year = 2024url = f"https://financialmodelingprep.com/api/v3/earning_call_transcript/{symbol}?quarter={quarter}&year={year}&apikey={API_KEY}"response = requests.get(url)data = response.json()# Inspect the keysprint(data.keys())# Access transcript contentif "content" in data[0]: transcript_text = data[0]["content"] print(transcript_text[:500]) # preview first 500 characters The response typically includes details like the company symbol, quarter, year, and the full transcript text. If you aren’t sure which quarter to query, the “latest transcripts” endpoint is the quickest way to always stay up to date. Cleaning and Preparing Transcript Data Raw transcripts from the API often include long paragraphs, speaker tags, and formatting artifacts. Before sending them to an LLM, it helps to organize the text into a cleaner structure. Most transcripts follow a pattern: prepared remarks from executives first, followed by a Q&A session with analysts. Separating these sections gives better control when prompting the model. In Python, you can parse the transcript and strip out unnecessary characters. A simple way is to split by markers such as “Operator” or “Question-and-Answer.” Once separated, you can create two blocks — Prepared Remarks and Q&A — that will later be summarized independently. This ensures the model handles each section within context and avoids missing important details. Here’s a small example of how you might start preparing the data: import re# Example: using the transcript_text we fetched earliertext = transcript_text# Remove extra spaces and line breaksclean_text = re.sub(r'\s+', ' ', text).strip()# Split sections (this is a heuristic; real-world transcripts vary slightly)if "Question-and-Answer" in clean_text: prepared, qna = clean_text.split("Question-and-Answer", 1)else: prepared, qna = clean_text, ""print("Prepared Remarks Preview:\n", prepared[:500])print("\nQ&A Preview:\n", qna[:500]) With the transcript cleaned and divided, you’re ready to feed it into Groq’s LLM. Chunking may be necessary if the text is very long. A good approach is to break it into segments of a few thousand tokens, summarize each part, and then merge the summaries in a final pass. Summarizing with Groq LLM Now that the transcript is clean and split into Prepared Remarks and Q&A, we’ll use Groq to generate a crisp one-pager. 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We’ll write a helper to summarize any text block, then run it for both sections and merge. import osimport textwrapimport requestsGROQ_API_KEY = os.environ.get("GROQ_API_KEY") or "your_groq_api_key"GROQ_BASE_URL = "https://api.groq.com/openai/v1" # OpenAI-compatibleMODEL = "llama-3.1-70b" # choose your preferred Groq modeldef call_groq(prompt, temperature=0.2, max_tokens=1200): url = f"{GROQ_BASE_URL}/chat/completions" headers = { "Authorization": f"Bearer {GROQ_API_KEY}", "Content-Type": "application/json", } payload = { "model": MODEL, "messages": [ {"role": "system", "content": "You are a precise, neutral equity research analyst."}, {"role": "user", "content": prompt}, ], "temperature": temperature, "max_tokens": max_tokens, } r = requests.post(url, headers=headers, json=payload, timeout=60) r.raise_for_status() return r.json()["choices"][0]["message"]["content"].strip()def build_prompt(section_text, symbol, quarter, year): template = """ You are an equity research analyst. 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