$ICNT The price and movement of the last 24 hours
Current price: The price is trading at 0.4988 USDT.
Percentage change: The currency experienced a very strong increase of +33.69%.
Highest and lowest price: The price reached a peak of 0.5000, while the lowest was at 0.3579 during the last 24 hours.
Trading volume: There is significant activity with a trading volume of 53.89M USDT.
2. Technical analysis of indicators
Price Action: The chart (5-minute frame) shows a series of consecutive green candles, indicating explosive buying momentum (Parabolic Move). The price is now testing the psychological resistance barrier at 0.5000.
Relative Strength Index (RSI):
RSI values range between 64.8 and 69.2.
The price is very close to the "overbought" area above the 70 level, which calls for caution regarding the possibility of a quick profit-taking or correction.
MACD Indicator: The indicator shows a positive crossover with the bars turning green, supporting the continuation of the rise currently, but the momentum has started to weaken slightly in the last candle.
3. Expected scenarios
Continuation scenario: If the 0.5000 level is breached and sustained above it, the rise may continue to new historical levels.
Correction scenario: Given the significant rise (33%), the price may face a pullback to test nearby support levels at 0.4786 or 0.4665 to establish a new price base.
