Home
News
•ICX/USD is currently priced at $0.30 and has increased by 2.76% over the past day
•The trading volumes have increased by 1.96% over the past day
•The technical indicators suggest a positive outlook for the near term
Short Term View: ICON Price on an uptrend as bulls run with the ball
The ICON price today is $0.301058 USD with a 24-hour trading volume of $9,600,159 USD. ICX Coin is up 2.76% in the last 24 hours. The trading volumes have increased slightly over the past day whereas the Volume to Market Cap Ratio stands at 0.03468 for the altcoin.
ICX Coin is showing a bullish flag on the four-hour chart as the ICON Price is currently transacting above the 20,50 SMA. The immediate hurdle for the bulls to overcome lies at $0.36 which would test the bulls’ resolve. The asset has shed a fair amount of its value as it trades significantly below its all-time high of $12.64 which is clocked on Jan 09, 2018. On the flip side, the support for the asset resides at $0.24 which would come into play if the bears enter the fray once again.
Long Term View for ICX Coin
The technical indicators like MACD indicate the initiation of a bullish movement further as we can observe the MACD line is moving above the MACD signal line accompanied by the increasing size of the green histograms. Furthermore, the gap is also widening between the MACD and signal lines. In support of the above, the relative strength index is also moving up, showing an increase in buying. The RSI is currently transacting at 44.97.
Conclusion
The technical indicators for ICX Coin depict a bullish trend in the altcoin with an increase in buying pressure. In a nutshell, the ICON price action forecasts a breakout rally surpassing the $0.36 mark.
Support: $0.24-$0.20
Resistance: $0.36-$0.50
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
ALSO READ: Crypto Holders might be forced to disclose their holdings’ value in Spain
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
