ICON (ICX) Prices Are Getting Ready For Bearish Continuation

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 might lose their support level  and started falling continuously  below the level of $0.22400
  • The ICX/BTC level is also performing negatively with the overall loss of -1.59% bringing the level to 0.000033268.
  • 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 completely facing volatility near 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 0.2400  which didn’t allow prices to make the further climb and also pushed them down to blow away their many support levels.

This fall of the cryptocurrency is a very bad indication, that ICX prices are venerable and their support level ends up being the resistance level.

Currently, the market capitalization is at   $120,038,451 USD with the volume traded of  $19,966,607 USD  with the circulating supply of 536,308,687 ICX.

ICON (ICX) Price Analysis

icx1
Source:tradingview

The technical chart shows the situation of the prices as they are unable to maintain their climb as they started to diminish due to 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 this will bring 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 a traded with the negative divergence and went below the crucial level of 50 and falling down below to the bearish zone with a sharp negative momentum.

The 24hr-CCI suffered as it also touched the lowest point of the overselling region after coming down from the normal zone. 

Resistance Level: $ 0.2260

Support Level: $0.2150

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