ICNT Analysis (12H)

93
Considering the large liquidity pools that have been collected and the price reaching an origin of movement, the probability of a rejection from the supply zone is high.

Since there is liquidity at the bottom of the chart as well, if the price breaks the demand zone, it may move toward the lower liquidity pools. However, if the demand zone holds as support, we could potentially see a new ATH.

Let’s wait and see what happens

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It has dropped more than 26% so far after tapping the identified supply zone
snapshot

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