ICON (ICX) Again Reaches The level Of $0.190 After Downfall

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Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • ICON(ICX) is unable to maintain sustainability in the rise of prices and started falling continuously against the resistance level of $0.210.
  • The ICX/BTC level is also performing negatively with the overall loss of -0.88% bringing the level to 0.00003062.
  • ICX is showing signs that are suffering many problems to maintain a gradual climb and bulls are out of play.

ICX bulls are unable to maintain their u-surge and got completely collapsed against the price level of $0.210 After facing heavy variations in the prices, bulls were unable to maintain their further rise.

There is a strong resistance of 0.210 which didn’t allow prices to make the further climb and also pushed them down to blow away their support levels of $0.200 and $0.190. This fall of the cryptocurrency is a very bad indication, that ICX prices are venerable against further climb and keep on falling downwards.

Currently, the market capitalization is at   $101,850,872 USD with the volume traded of  $13,211,587 USD  with the market circulating supply of 530,754,264 ICX.

ICON (ICX) Price Analysis

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ICX
Source:tradingview

The technical chart reflects that the prices are unable to maintain their climb as they started to diminish against the bears, bulls are also not giving up as there is some positive divergences in the chart.

The technical indicators and oscillators are showing an increase in the selling volume of the ICON as traders are concerned regarding the ICON’s future because it took a drastic fall today.

The MACD level again adopted the bearish momentum and buying volume is fading away, representing that there is a decrease in buying trade of the cryptocurrency.

RSI took a sharp negative divergence from the crucial level of 50 and falls below to the bearish zone and then took a slight positive divergence.

The 24hr-CCI suffered majorly as it touched the depths of the over selling region but hopefully took a sharp positive climb towards the normal region.

Resistance Level: $ 0.1920
Support Level: $0.1850

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