- ICON is continuing its bullish momentum which has started from 24 Dec 2020 and helping it to reach new highs.
- Meanwhile, It is trading at the level of $0.599 with a gain of 9.22% continuing the previous day surge of 5.03%
- ICX/BTC pair is trading at the level of 0.00001734 BTC with a gain of 6.87%, but reaching a 52 week high might be the tough row to hoe
Over the past week ICON has gained over 22.68% giving a much-needed push it required from a low of $0.3804 to a high of $0.6242.At present, it is trading at the level of $0.5975(at the time of writing) with an intraday high of $0.6242.It is currently ranked at 64 with the market capitalisation of $345,169,736.10.It has also seen a 25.59% rise in the volume with the current figure of $88,495,732.05.
ICON(ICX) is continuing its bullish momentum from the past couple of trading sessions. Major volume gain with the push in price can be seen as a positive sign for it. Major resistance for ICX can be seen at $0.66730.The temporary support and major support can be seen at $0.497 and $0.281.It is trading above the 50MA and 20 MA. There is no specific Elliot Wave pattern forming in the daily chart of ICX.
Relative strength index(RSI) is at the level of 73.74(at the time of writing) which means it is in the overbought zone and the price can reach to a 52 week high before giving a retracement. The positive slope of RSI also indicates the strength in bullish momentum.
The Moving average convergence divergence(MACD) is above many previous bullish levels which indicates the positive momentum. Meanwhile, the histograms are also forming green bars with a high length which also conforms to the bullish momentum.
Conclusion:
ICON(ICX) is on a bullish run and can break a 52 week high level .Mean while a short retracement can be seen near the high levels.
TECHNICAL LEVELS:
Major support:$0.281
Major resistance:$0.66730
Pivot point:0.59658
Volatility: 62 ( A high price fluctuation can be seen)