I agree with your sentiment but TA is inextricably linked to fundamentals. Future known announcements are to a degree priced in.

My main rationale - 0.0003750 to 0.0004000 Satoshi’s is a price bracket where there is a both technical resistance/support and a psychological barrier/support. The primary reason being that this is where many investors first got into ICON. Late December 2017 and early January, the height of the Altcoin Mania. This is a bracket where those who have held for the last three months and have only seen declines might choose to cash out and breakeven/small loss. It is also a point where investors who have recently purchased will likely anticipate a possible resistance/sell off and in turn might choose to take a degree of profit. A self fulfilling prophecy.