- ICX crypto was performing in a negative momentum this week and got a pullback from its strong support zone on Tuesday’s trading session
- ICX crypto price today is $0.6221, which is up by 13.22% in last the 24 hours and 28.92% up from the previous week
- ICX/BTC pair is also performing positive with a gain of 1.17% in Tuesday’s trading session (0.00001728)
On the weekly chart, ICX Crypto was in a bearish trend and got a pullback in Tuesday’s trading session. The price went up to $0.7146 on January 10, 2021, due to the coin’s heavy buying, and it set a mark of a 7-day high. By breaking above the resistance zones created in the past. The ICX/BTC pair is in an uptrend with a value of 1.17% in Tuesday’s trading session (0.00001728).
ICX Crypto Technical Indicators Suggests Strong Buy; May Achieve Target Of $0.6866
The weekly technical chart of ICX crypto highlights a positive trend after a pullback in Tuesday’s trading session. The price is currently sitting at $0.6221, with a resistance zone of $0.6300. Following the support zone of $0.5583, the price formed a bullish trend by giving a pullback from the strong support and may breach the resistance soon in the upcoming trading session. Price also touches back the 50 days exponential moving average EMA and above 200 days EMA indicating a positive trend.
On diving into the weekly chart of a 15-minute time frame, a belt hold bullish candle is formed, indicating a buy signal in the coin.
The Volume (1.159M) indicates heavy buying. Also formed massive green volume bars in the coin on Tuesday’s trading session.
The Moving Average Convergence Divergence (MACD) had a bullish crossover signal line on January 12, 2021, trading session. This indicated a buy signal in the coin. Could also observe a few green bars in the Histogram.
Meanwhile, the Relative Strength Index (RSI) with a value of 53 indicates that the coin is neutral for now. Forming an ascending channel pattern in the index and soon may move towards the overbought region.
Concerning, The Schaff Trend Cycle (STC) with a value of 54.58 had a positive crossover at 25, reflecting a green buy sign in the coin.
Icon (ICX) crypto price is in an uptrend with a pullback from its healthy support level of $0.5583. If It breaches above the resistance level and sustains above $0.6300 and 50 days, EMA is also being broken. One can further expect a bullish trend till the price of $0.6866.
50 EMA: $0.6093