$ICNT It seems to be a typical chip recovery state, so let's briefly do a technical analysis of this claim to become Web3 - AWS! First of all, the chip distribution does not look very clear at present, the two core accumulation positions that can be seen on the disk are 0.32 and 0.27, yesterday the price just stepped back on the lower demand area, and then turned upwards to test. Then there is supply at the peak of the chip, so it is tested again to the technical support... Since I have done a lot of research on "decentralized storage" before, especially AR (Arweave), this one is worth a look! However, unlike AR, @ICN_Protocol is positioned more like a decentralized cloud service platform than a simple storage platform, and from this perspective, the narrative scale is larger and the life cycle will be more durable. As for the trading level, since a significant buying point has been missed and the price is suppressed by the secondary chip peak in the short term, it can wait for the price to test the lower green demand zone again before making a decision. At present, a shock range of 0.22~0.32 is formed here, which is relatively healthy for the project that has just been TGE, after all, this project is also on Alpha, and the early supply needs to be absorbed slowly for a long time. However, from the perspective of new projects being launched for washing, I prefer the Fibonacci retracement range of 0.786~0.86, after all, most of the new projects I have seen this year have this similar structure. That is, after the launch, the price will continue to retrace, and the price will begin to go to a normal state until the early Easy chips are gradually cleared. The current price range of this position is between 0.17~0.186, if the price is not corrected, and it is always above 0.22, then it is a relatively strong state, but if there is a chance to finally shock the position, that is, quickly reach below 0.186 and then recover, then it can be confirmed that the short-term floating chip supply has been completely washed away. This agreement has real profitability and enterprise-level business, and last year's ARR was around $7 million, so it's worth keeping an eye on! As for more information, you can go to the official Twitter @ICN_Protocol and @ICN_China to find out, in short, DYOR is good!