- ICX Coin continues to remain in the bearish trend with an intraday high of $131.15.
- ICON price today is $0.7096; with a loss of 5.78% in the last 24 hours and an 11.38% loss from last week
- The ICX/BTC pair performs negative with an overall loss of 3.82%, trading at the present level of 0.00002069 BTC
After making a 52 week high of $0.9317 on 27 JAN, 2021, ICX projected a negative retracement and remained in that trend ever since. ICX/BTC pair is above the support of 50 MA and marked a bearish momentum with a loss in value of 3.86%. It is now heading to the next support zone.
ICX TECHNICAL ANALYSIS
The weekly technical chart of Icon highlights “Bears on Roar” in today’s trading session. Its current price is $0.707, with a resistance of $0.854 and support at $0.559. The price is above 50 and 200 days Exponential Moving Average (EMA). The 50-EMA red line is at $0.625, making temporary support. As the coin price has made a bearish engulfing pattern, so a further downward can be seen in the upcoming days. The volume of Icon coin has seen a whooping gain of 35.7% .
MACD (Bearish): The levels showcased a negative crossover signal in the past trading session. The MACD indicator reflects bearish momentum in the coin. Bars of histograms are also indicating a strong bearish moment.
RSI (Bearish ): It is trading with a value of 52.76, indicating that the coin is in a bearish momentum and heading towards an overbought zone. A negative slope is observed in the RSI showcasing ICX may see the continuation of the downtrend
CONCLUSION
ICX coin has shown bearish momentum in the last couple of trading sessions and can go further down that road. The ICX/BTC pair is taking support at 50 MA and is going towards the next support zone.
TECHNICAL LEVELS:
Major Resistance:$0.854
Major support:$0.559