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The ICX technical analysis, Icon, a blockchain network, facilitates interaction between multiple blockchains. It aids in the innovation of DeFi apps by leveraging the synergies created within the system and the robust>main governance token.
Past Performance
On March 24, 2021, ICX started trading at $1.91. As of March 30, 2021, ICX closed at $2.66. Thus, in the past week, the price has soared by approximately 39%. In the last 24 hours, ICX has traded within the price range of $2.57-$2.98.
https://www.tradingview.com/x/Rp9py37y
Day-Ahead and Tomorrow
Presently, ICX is trading at $2.86. The price has risen from the opening price of $2.66. Thus, the market seems healthy.
For the past couple of hours, the A/D indicator has been gradually falling after a sharp rise. Thus, selling pressures are slowly building. Hence, we can expect a price pullback.
The MACD and signal lines are in the positive territory. Hence, the overall market momentum is bullish. However, a bearish crossover by the MACD line over the signal line has occurred. Thus, a price pullback amidst a rising price trend is on the horizon.
Currently, the RSI is at 53%. A couple of hours back, the RSI was in the ‘overbought’ region and then fell to the current level. Thus, selling pressures are slowly overtaking the market. Hence, we can expect a price drop.
ICX Technical Analysis
At present in technical analysis, the price has broken out of the first Fibonacci pivot resistance level of $2.89. However, since the oscillators have indicated a price pullback, the ICX price may fall up to the Fibonacci pivot point of $2.74 before propelling again.
The price is soon likely to retest the 23.6% FIB retracement level of $2.88 and may even fall below it as the market momentum is turning bearish. If by day end, the bulls regain full strength and the price breaks out of the 23.6% FIB extension level of $3.08, then we can expect the price upswing to continue tomorrow as well.