Driven by easing geopolitical risks and a shift in Federal Reserve policy expectations, ICNT achieved a short-term double-bottom reversal, with trading volume supporting the breakout of the key $0.35 resistance level. Currently, attention needs to be paid to the effective breakout of the $0.40–0.42 resistance area and the robustness of the $0.35 support upon retest. Increased institutional risk appetite is favorable for small- and mid-cap assets. Together with the project's subsequent progress, if capital inflows continue, ICNT is expected to enter a mid-term value re-rating. Strategically, it is recommended to dynamically track technical support and capital movements. High-leverage positions should be based on confirmed support from pullbacks, and chasing price highs should be avoided.

Recently, Bitcoin rebounded rapidly against the backdrop of easing Middle East tensions, which drove up risk appetite across the crypto market. Following a stage low of $0.2688 on April 8, ICNT reversed alongside the broader market, with prices quickly recovering to around $0.3427 over the following days, posting several strong bullish candles. Market sentiment has benefited from the short-term alleviation of geopolitical risks and shifting expectations regarding Federal Reserve policy, resulting in significant capital inflows and improved risk appetite for ICNT.

Bitcoin surged past $72,000, rising about 3% to approximately $72,300, driven by easing tensions in the Middle East. Israeli Prime Minister Netanyahu reportedly initiated talks with Lebanon, supported by Trump's call for reduced Israeli military actions to maintain a ceasefire. Bitcoin's 24-hour gain of around 2% outpaced other major cryptocurrencies and coincided with a rebound in U.S. stocks and a drop in oil prices. Bitcoin is increasingly decoupling from tech stocks, influenced more by geopolitical and risk-averse factors.

Analysis: Bitcoin breaks through $72,000, Middle East ceasefire expectations boost market sentiment.

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

ICNT formed an approximate double-bottom pattern on April 6 and April 8, followed by a steady price increase and breaking above the $0.30 threshold on April 15. On April 16 and 17, the price surged with heavy trading volumes, reaching as high as $0.4073 and closing at $0.3941, marking a strong breakout above the short-term key resistance at $0.35. The notable increase in trading volume confirms stronger bullish follow-through. The current focus should be on the intraday $0.40–$0.42 resistance area and the strength of support if the price retests $0.35.

Continuous institutional accumulation in Bitcoin ETFs and large holdings reflects increasing confidence in long-term allocation to digital assets. Although ICNT's market cap is relatively small, it has the potential to attract additional capital in an environment of overall liquidity and rising institutional risk appetite. Over the medium to long term, it is necessary to assess whether the token's value can be sustained above current support levels, considering the project's ongoing development progress and ecosystem building.

Impossible Cloud Network Token

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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Impossible Cloud Network Token Price: ICNT Live Price Today | ICNT Market Cap & Chart Analysis | Bybit-eu

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ICNT price today is 0.39, with a live price change of 17.65 in the last 24 hours. Convert, buy, sell and trade ICNT on Bybit-eu.

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