In this ICON technical analysis, we will examine the current price action, trading volume, key levels and indicators for ICX-BTC. Sure, here are three sentences about ICON (ICX) cryptocurrency: ICON (ICX) is a decentralized blockchain network that enables the development of scalable decentralized applications (dApps) and decentralized finance (DeFi) platforms. With its loopring-based consensus algorithm, ICX supports high transaction throughput and low latency, making it an attractive option for developers and users alike. Additionally, ICON’s interoperability features allow for seamless interactions between different blockchain networks, further expanding its potential use cases.
ICON Price Overview:
As of October 03, 2023, ICON is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for ICX-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 54,235.00 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): ICON reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for ICX-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, ICON is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.63% |
| 3D Change (%) | -4.26% |
| 7D Change (%) | -3.37% |
| 30D Change (%) | 1.29% |
| 90D Change (%) | -16.45% |
| YTD Change (%) | -26.23% |
Over the past three days, ICXBTC has dropped by approximately -4.26%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -3.37%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ICXBTC maintaining an upward trend of approximately 1.29%, despite intermittent fluctuations. Examining the last 90 days, ICXBTC has witnessed substantial drop of approximately -16.45%, reflecting strong long-term confidence. Year-to-date, ICXBTC has steadily declined by around -26.23%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
ICON Live Chart:
You can access a live price chart for ICX-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.38111.
- Momentum score is 0.01286.
ICX BTC Technical Analysis
ICON Trading Volume:
The trading volume for ICON (ICX) over the past 24 hours has been insignificant, with approximately 54,235.00 BTC traded against ICX. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ICX is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): ICON is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ICX-BTC is currently in the low zone, around 44.8596. This suggests that ICON is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
ICON (ICX-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
