- ICX Token price action indicates a bullish reversal in the daily chart.
- The token price rises with increased buying pressure evident as the volume above the 20-day MA.
- The pair ICX/BTC is trading at 0.00004261 BTC with an intraday gain of +6.24.
ICX coin price action forms another bullish engulfing candlestick in the daily technical chart. This is indicative of a rising in bullish sentiments resulting in the breakout of the short-term pullback.
The growth in intraday volume that exceeds the 20-day volume MA indicates the rising buying pressure. Therefore, in a bullish alignment, the daily EMAs rise higher and indicate a bullish rally.
ICX Token prices trade at $2.04. That’s an increase of +7.20% within the last 24 hours. This suggests that the price is on a bull run. However, the intraday trading volume of the coin has decreased by 20%.
ICX Token’s Price In 4-Hour Chart
ICX token prices rise in a bullish trend when the price crosses above the long-coming resistance trendline in the 4-hour chart. Thus, investors may consider the price-action dip to trendline as an attractive entry spot that carries minimal risk.
According to price action, the demand levels are $1.88 and $1.65, respectively. Thus, bulls may encounter resistance at $2.20 to $2.50 if they continue the bullish trend from either support level.
The EMAs for the 4-hour technical chart are more powerful, with a golden crossover due to the rise in price with a positive slope. This can keep prices steady during a bullish move. Additionally, the chart’s inclined volume indicates a strong bull run.
The parabolic SAR indicate that the bulls have overtaken the trend control.
The RSI indicator indicates an extreme surge in bullish inclination.
The ADX Indicator indicates an increase in trend momentum.
Conclusion: The ICX token’s price rose with the help of bullish exponential moving averages. Investors could face entry points close to the drops on the 20-period EMA. If the price sustains above the $2 price mark, the coin price could soon surpass $2.50
Support – $1.88 and $1.65
Resistance – $2.20 and $2.50