$ICNT USDT PERP 15M UPDATE
$ICNT is trading near 0.2944 after bouncing from the intraday low around 0.2856, showing a short-term relief move but the broader structure remains bearish. Price is still capped below EMA 25 at 0.2990 and well under EMA 99 near 0.3228, confirming sellers remain in control on this timeframe. EMA 7 at 0.2928 is acting as a minor dynamic support during this bounce.
Momentum is attempting to recover. MACD histogram has flipped slightly positive, signaling a short-term bounce attempt, but DIF and DEA remain in negative territory, indicating this move is corrective unless follow-through buying appears. Volume remains moderate, suggesting cautious participation.
Immediate resistance lies at 0.296 to 0.300. A clean reclaim above 0.300 can open a quick push toward 0.307 and 0.318. Failure here keeps downside risk active. Key support is at 0.285. A break below this level may trigger another drop toward 0.278 and 0.270.
Trend is still weak, but volatility is building. This zone is critical as price decides between a deeper breakdown or a short squeeze recovery. Trade carefully and respect levels.
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