ICON Price Analysis: ICX Coin Price Downside Rally Sees A Halt Near $2

• ICX coin price is currently observing a halt from the downside momentum but can soon see a speedy recovery. It has observed a gain of more than 0.8% in the intraday session.
• ICON technical indicators hint towards a recovery in the asset price in the future. In contrast, ICX/BTC has seen a loss of more than 7% in the intraday session.

ICX coin price is currently observing a stop in the downtrend and can soon see a new high in the future. ICON’s price is currently trading near the value of $2 and has seen a loss of more than 0.8% in the past 24 hours. The asset has a very high ROI and can observe a new high in the future. The coin price has to travel more than 75% of its current value to reach an all-time high. The coin can soon observe a breakout to the upside momentum in price in the future. One can invest in ICX as per their needs and price action scenario.

 ICON’s market dominance along with the market cap is observing a downside momentum and can soon see a new high. It can soon see a new high in the future. The volume of the coin can also see a strong trend in the future. The volume to market cap ratio of the asset price suggests a strong upside trend in the future. One can forecast strong growth in ICX in the future

ICX Coin Price Bears Are Looking To Push It To Next Support

ICON coin price is currently seeing a strong consolidation in the weekly technical chart. On coming to the daily chart the asset price is seeing a bearish trend but can soon reverse to the upside momentum. The resistance region of ICX while going upwards can be seen near $3.5. The support of the asset price can be seen near $1.4. The price of the coin is currently above the 50 and 100 DMA and can soon observe a negative crossover in the future. The 50 DMA price is near $1.92 and can act as a temporary support region for the price. The price might soon see a breakout above the consolidation zone in the future. ICX/BTC pair can also see a new high in future

Conclusion

ICON coin price is currently seeing a bearish trend in the daily chart and can soon see a new high. ICX/BTC pair can also see a new high in future

Technical Levels

Major Resistance: $3

Major Support: $1.5

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