- ICX token price moves with a negative trend line on an intraday session
- The 24-hour trading volume in ICON is $93,330,797
- ICX/BTC pair is trading negative by 2.9% at 0.00002931 BTC
The 4-hour technical chart of ICX token outlines a bearish trend. According to pivot points, ICX’s significant support level is $0.45. Whereas if it heads up, the crucial resistance to watch is $1.30. Besides, the chart also features a spinning top candle displaying that neither bulls nor bears could gain the control over movement. Hence, buyers can enter the coin above the price level of $1.30 with a confirmation candle.
The Exponential Moving Average (EMA) of 200 serves as a reliable support in the coin’s price levels. Investors may notice the price is shrinking below EMA-200. So until the price rests below EMA-200, it will assure ICON’s bearish movement.
Stochastic RSI indicator (Overbought) with a value of K-84 and D-92, projecting a sell signal in the coin. Additionally, Investors can see the coin is in an overbought platform, which may cool down in future trading sessions.
The volume of (3.45M) showcases a huge volume above the Volume MA (1.30M) of 20-days. Traders maintain high buying pressure in the order book to drive its price level to an excessive region. Investors may also observe inclining volume in the chart.
ICON (ICX) Token Aims To Connect Other Blockchain Technology
ICX token price today is $1.08 with a 24-hour trading volume of $93,330,797. ICX price is down – 2.5% daily. It has a circulating supply of 620 Million ICX coins and a maximum supply of 800 Million.
ICON is a blockchain innovation and network system intended to permit free blockchains to cooperate with one another. Whereas, ICON is upheld through a cryptocurrency token, called ICX. Moreover, ICON is a South Korean-based organization that formed a blockchain innovation going with crypto tokens called ICX. The organization charges itself as an interconnected blockchain network, permitting members in a decentralized framework to “combine” at an essential point.
This is finished by associating a community to different communities through ICON Republic and Citizen Nodes. While blockchains are most generally connected with cryptocurrencies, enthusiasts call attention to different areas where the innovation can be applied. Any trade of data can actually be added to a blockchain, however adding a few sorts may not be financially effective. transactions including securities, currencies, business smart contracts, deeds and loans, intellectual property, and individual ID could be “tokenized.
ICON’s blockchain is more similar to the Plasma or Ontology blockchain in that its motivation is to go about as a middle man between other blockchains and organizations. This interconnectability makes the ICON project worth watching out for throughout the following decade.
ICON sports its own personal decentralized exchange. This DEX sets money reserves for each blockchain community with the goal that ICON communities can trade continuously through the ICON Republic. Along these lines, DEX supplements C-Rep entries by setting up another gateway for ICON Communities to connect with the ICON Republic.
Resistance: $1.30
EMA-200: $1.91
Support: $0.45