♟️ $ICNT /USDT — Deep Correction Post-ATH

🕓 4H Timeframe | 💰 Price: **$0.33 (−38% 24h)**

📊 **Technical & Market Outlook:**

Price Action: Dropped sharply from ATH ($0.30–$0.33) .

Volume Surge: Last 24h volume climbed above $32–39 M, a massive ~4950% volume-to-market-cap ratio, confirming heavy sell pressure .

MA & Oscillators: Technical tools show a neutral to bearish bias; indicators on platforms like TradingView and Base tech gauge technicals as mixed or neutral .

Fundamentals: Backed by a $470M valuation, powered by partnerships and decentralized cloud nodes .

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🎯 **Price Zones to Watch:**

🎯 $0.30–$0.33: Immediate support/resistance – price settling at key level.

🎯 $0.40–$0.45: Recovery bounce target near daily highs.

🎯 $0.50–$0.53: ATH zone – needs strong institutional flow and sentiment.

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🛑 Risk Factors:

Extended drop below $0.30 could test $0.25–$0.28 support.

High volatility and speculative positioning; large holders may continue selling into volume spikes.

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🧠 Conclusion: $ICNT is undergoing a steep correction after a parabolic run. Traders might look for range trades between $0.30–$0.33, waiting for consolidation before committing. A bounce above $0.40 could signal recovery, but caution is advised until topping is confirmed.

⚠️ **DYOR – Not financial advice.**

📈 #ICNT #ImpossibleCloudNetwork #DePIN to #ChartAnalysis #Altcoins #TechnicalAnalysis #RangeTrading

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🗣️ Ecosystem Insight:

ICN is positioned as a decentralized "cloud hyperscaler" with real-world node infrastructure.

Network partners and tech support provide long-term fundamental strength, but price remains driven by token market activity .