ICON Price Analysis: ICX Crypto Holding 50-EMA as a Support – Cryptocurrency News – The Market Periodical

ICON Price Analysis: ICX Crypto Holding 50-EMA as a Support – Cryptocurrency News – The Market Periodical

  • The ICX crypto is in a downtrend, around -15.4%, during the intraday trading session.
  • The 24-hour trading volume is at $86 million.
  • ICX/BTC pair is trading negative by -8.2% at 0.00003574 BTC.

Daily technical chart and price trend of ICX crypto are showing a bearish trend. Based on the pivot level, the first support zone is 1.45 USDT. From another perspective, if it rushes, the resistance level to watch is 1.85 USDT. Thus, the graph made a bearish engulfing candle pattern during the day, and the cost is relied upon to remain downside with unwavering high force.

The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost is gradually breaking the green ribbon, so it will guarantee a downswing in ICON if the price completely breaks below.

Trading volume (6.41 M) is underneath the 20-day moving average (16.965 M). To put it plainly, the volume is low, making the cost remain at the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.

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The MACD indicator gives (bearish) cross over the signal line on Sep 19, demonstrating a sell signal in the coin. Additionally, Investors can see the emerging red bar on the Histogram index.

ICX Crypto Faces Correction After Hitting $2 Mark

ICON price today is $
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