- The ICX coin price is increasing upwardly around 5.4% during the intraday trading session.
- The 24-hour trading volume is at $105 million.
- ICX/BTC pair is also trading positive by 5.1% at 0.00003185 BTC.
The daily technical chart and price action of the ICX coin present an upward trend. According to the pivot levels, the initial support level is $1.42. On another view, if it races up, the resistance level to watch is $1.82. Although the chart creates a bullish harami candlestick pattern within the day, it is foretold that the price may continue upside with medium dependability.
Ichimoku Cloud is composed of lead-1 and lead-2 with a displacement value of 1. It operates as a leading indicator and pivot level of asset price changes. Investors can witness the price break above the Red Moku Cloud, and now it glides over the Green Moku Cloud, so the cost is above the Green Moku Cloud, ensuring the upward trend of ICON.
The volume of (4.495M) is above the MA of 20-days (11.666M). In conclusion, the volume is moderate, making its price sustaining at the resistance zones. Investors may also note that the volume bars on the chart are declining, which hints that striking volatility is awaited in the upcoming trading session.
The Stochastic RSI (bullish) with a value of K-44 D-32 presents a buy signal in the coin. Investors may observe an inclining slant and a positive crossover meaning a bearish divergence in the index. It may remain in positive territory for future trading sessions.
ICX Coin Price Action May Give 15% Return in Short Term
Today’s ICON price is 1.60 US dollars, and the 24-hour trading volume is 105,410,723 US dollars. The price of ICX has increased by 5.4% in the past 24 hours. 670 million ICX coins in circulation, a total of 800 million. The Stochastic RSI indicator gives a buy signal, and the traders have led to high volume. Technically, the price resides around the resistance zones and continues in a higher trend. Accordingly, as with the overall market viewpoint, the trend remains bullish for upcoming trading sessions.
Resistance Level: $1.82
Support Level: $1.42