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ICON Price Analysis: ICX Coin Breakout May Lead Towards $2.50

  • The ICX coin price breaks above the 55-EMA during intraday
  • The 24-hour trading volume is at $73 million.
  • ICX/BTC pair is trading negative by 5.2% at 0.00003207 BTC.

Moving Average (EMA) In the ICX coin daily price chart containing 8,13,21,55 EMA, it is reliable support for currency price movements. Investors can find that price moves above the yellow line and guarantee an uptrend for ICON as long as prices are above the moving average.

The volume (337.446 K) is below the 20-day moving average (606.775 K). The volume is moderate, so the cost is moving upside. Investors may also notice a reduction in volume. This indicates that unusual changes are normal on the following trading days.

ICX Coin Price Trend Signals Positivity as Indicators Suggests

The daily price chart of ICX coin is on the rise. Depending on the price movement, the support range is between $2.0. On the flip side, the resistance area you should be looking for is $2.50.

The RSI showed a signal of 70 (Overbought) with a short-term buy forecast. Investors may find that the indicator’s RSI line is slightly sloping downwards. A rise can happen on future trading days.

The MACD shows a (bullish) cross above the signal line on November 08, indicating a buy signal for the currency. In addition, investors can see green bars in the histogram indicator.

Conclusion

Today’s price for ICON is $ 2.17 with a 24-hour trading volume of $ 72886800. The price of ICX is up 8.5% in the past 24 hours. There are 670 million ICX coins in circulation and a total of 800 million.

RSI and MACD indicate a buy signal. Traders have directed moderate volume. In fact, the cost is gradually moving towards the resistance zone. A market overview also shows that this pattern will continue to surge in the coming trading days.

Resistance Level: $2.50

Support Level: $2.0

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.