- ICON(ICX) is unable to maintain sustainability in the rise of prices and started diminishing again as soon as it comes in contact with the prices level of $0.2560.
- The ICX/BTC level is performing positively with the overall profit of 051 % bringing the level to 0.00003475.
- ICX is showing signs that are suffering a major problem currently to maintain a gradual climb and it is continuously collapsing against the current resistance line.
ICX bulls are unable to maintain their u-surge and completely collapsing against the price level of $0.2560 After facing heavy variations in the prices, bulls were unable to maintain their further rise.
There is a strong resistance of 0.2560 which didn’t allow prices to make the further climb and also pushed them down every time whenever bulls are trying to overcome this level. Since then prices are continuously struggling.
This failure 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 $135,152,094 with the volume traded of $19,405,823 with the market circulating supply of 533,056,874 ICX.
ICON (ICX) Price Analysis
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 are some positive divergences in the chart.
The technical indicators and oscillators are showing increase buying volume of the ICON, providing an opportunity for bulls to rally up.
The MACD level again adopted bearish momentum as there is an increase selling volume, representing that there is a decrease in buying trade of the cryptocurrency which is a negative indication, and prices may fall a bit further.
RSI took a positive divergence from the crucial level of 50 and still it is trading with the potential to touch the zone of 60. The 24hr-CCI also took a negative divergence from the over buying region and entered the normal zone and maintaining its trade over there.
Resistance Level: $ 0.2560
Support Level: $0.2530
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