$ICNT printed a strong impulsive move with +35% upside, breaking above short-term structure and holding above VWAP. The rally from 0.388 shows aggressive spot + perp participation. Price is now consolidating just below the 0.512 supply, which is healthy after a vertical leg. As long as price holds above the rising MA cluster, continuation remains valid.
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$ICNT printed a strong impulsive move with +35% upside, breaking above short-term structure and holding above VWAP. The rally from 0.388 shows aggressive spot + perp participation. Price is now consolidating just below the 0.512 supply, which is healthy after a vertical leg. As long as price holds above the rising MA cluster, continuation remains valid.
Support: 0.487 – 0.472
Resistance: 0.512 / 0.540
Targets: 0.52 → 0.55 → 0.60
Invalidation: Below 0.46
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