ICON Price Analysis: ICX Price Looking To Test The Resistance Of $2.5

• ICX Price is currently trailing in a accumulation zone with an intraday loss of 2.16%
• ICON is trailing at the value of $1.88 with a gain of 0.76%.Meanwhile the ICX/BTC pair has seen a loss of 4.03%

ICX price is currently at a value of $1.88 with a loss of 2.42%.ICX price on going upwards will see resistance at the value of $2.2, and on the downside, it will support at the value of $1.55. ICON made a 52 week high on FEB 20,2021. After making a new high, the price retraced back to 20% of the 52 week high.

ICON is currently at 71st rank with a market capitalization of $1,118,930,381. ICX volume traded in the last 24-hour has seen a loss of 43.32% in the intraday session.

Technical Indicators Suggests A Positive Momentum For ICX Price

ICX price is currently seeing a bearish momentum with the support at the value of $1.5.According to the Fibonacci retracement, the price is currently in between fib1.89 and fib 1.75. ICX forms a bullish pattern that highlights the probability of the price going above the accumulation zone.

SMA-50 & 100 acts as another strong support in the coin. SMA-50 (RED) intersects SMA-100 (YELLOW), which is the beginning of a positive trend. Investors can observe the price is sustaining above both the SMA’s on Today’s trading session.

RSI(Bearish): It is currently trailing at the value of 52.82, showcasing its presence in the overbought zone. There is a negative slope formation in the RSI, highlighting that the price may see a reversal before retracing back to the higher levels. The overall sentiment of RSI is negative

CONCLUSION

ICX price is at $1.88 with a loss of 2.42% in the last 24-hour time-frame. ICON maintains a gain of 1.17% on the weekly time-frame. In contrast, the market capitalization lost its value by 2.1%. An Investor should do their due diligence before investing.

Technical Levels

Resistance: $2.20

Support: $1.55

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Adarsh ​​Singh

Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.