ICON (ICX) Price Analysis: Bear Continues its Domination

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 them as well as they are losing their support level and started falling continuously below the level of $0.22800
  • The ICX/BTC level is not performing well and suffering the loss of -2.46% bringing the level to 0.00003325.
  • ICX is showing signs that it might not be able to put a halt on the prices as their bulls are fading completely.

ICX bulls are unable to maintain their u-surge and got completely collapsed above the price level of $0.2280. 

 After losing the level of $0.2400 prices were unable to overcome the fall as it is only losing support levels. 

There is a strong resistance of 0.2350 which didn’t allow prices to make the further climb and also pushed them down to blow away their support level of $0.22800. 

This fall of the cryptocurrency is a very bad indication, that ICON prices are venerable and the last hope is the support level of $0.2100. 

Currently, the market capitalization is at USD 119,825,322 with the volume traded of USD 14,463,490 with the circulating supply of 535,201,594 ICX.

ICON (ICX) Price Analysis

icon1
Source:tradingview

The technical chart shows the sever situation of the prices as they are unable to maintain their climb as they started to diminish along with the bears, bulls might come out only if the buying volume performs an exceptional increase.

The technical indicators and oscillators are showing increase selling volume of the ICON as from now on their will be a short term bearish momentum.

The MACD level again about to adopt the bearish momentum and buying volume will lose its upper hand from here.

RSI took trading with the negative divergence below the crucial level of 50 and falling below to the bearish zone with a sharp negative momentum.

The 24hr-CCI suffered majorly with pump and dump as it also touched the lowest point of the normal region after coming down from the highest. 

Resistance Level: $ 0.2280

Support Level: $0.2200

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