In this ICON technical analysis, we will examine the current price action, trading volume, key levels and indicators for ICX-USDT. ICON (ICX) is a blockchain-based platform that enables the development of decentralized applications (dApps) and decentralized finance (DeFi) solutions. With its unique loopring technology, ICX allows for faster and more secure transactions, making it an attractive option for users looking for a reliable and efficient cryptocurrency solution. Additionally, ICX has a strong focus on interoperability, allowing it to seamlessly integrate with other blockchain networks and traditional systems.
ICON Price Overview:
As of December 05, 2023, ICON is trading at approximately 0.2684 USDT. Let’s dive into the detailed price action for ICX-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2676 |
| High (H) | 0.2735 |
| Low (L) | 0.26 |
| Close (C) | 0.2684 |
| Volume (C) | 9,455,694.10 |
- Open (O): The opening price for today’s trading session was approximately 0.2676 USDT.
- High (H): ICON reached a daily high of around 0.2735 USDT.
- Low (L): The daily low for ICX-USDT was approximately 0.26 USDT.
- Close (C): At the time of analysis, ICON is trading near its daily close of 0.2684 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.34% |
| 3D Change (%) | 3.63% |
| 7D Change (%) | 8.23% |
| 30D Change (%) | 17.87% |
| 90D Change (%) | 62.08% |
| YTD Change (%) | 90.08% |
Over the past three days, ICXUSDT has increased by approximately 3.63%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 8.23%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ICXUSDT maintaining an upward trend of approximately 17.87%, despite intermittent fluctuations. Examining the last 90 days, ICXUSDT has witnessed substantial rise of approximately 62.08%, reflecting strong long-term confidence. Year-to-date, ICXUSDT has steadily appreciated by around 90.08%, 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-USDT 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 0.78944.
- Momentum score is 0.17874.
ICX USDT Technical Analysis
ICON Trading Volume:
The trading volume for ICON (ICX) over the past 24 hours has been significant, with approximately 9,455,694.10 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): ICON is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ICX-USDT is currently in the high zone, around 58.62076. This suggests that ICON is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
ICON (ICX-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and significant trading volume are high signals for potential upward movement.
Confirm ICON’s (ICXUSDT) bullish outlook at 2.68e-01 USDT with technical analysis, emphasizing strong support and positive indicators.
Missing our detailed breakdown on ICX BTC ICON Technical Analysis would be a lost opportunity if you found value in this post.
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.