ICX USDT ICON Technical Analysis

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By Frans van Elst

ICON logo 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 July 05, 2024, ICON is trading at approximately 0.13 USDT. Let’s dive into the detailed price action for ICX-USDT:

Consider bearish sentiment in ICON (ICXUSDT) at 1.30e-01 USDT with technical analysis, showcasing weakened support and cautionary indicators.

Metric Value
Open (O) 0.1353
High (H) 0.1353
Low (L) 0.1177
Close (C) 0.13
Volume (C) 17,264,279.80
  • Open (O): The opening price for today’s trading session was approximately 0.1353 USDT.
  • High (H): ICON reached a daily high of around 0.1353 USDT.
  • Low (L): The daily low for ICX-USDT was approximately 0.1177 USDT.
  • Close (C): At the time of analysis, ICON is trading near its daily close of 0.13 USDT.
Metric Value
1D Change (%) -3.85%
3D Change (%) -18.70%
7D Change (%) -16.51%
30D Change (%) -40.34%
90D Change (%) -58.87%
YTD Change (%) -51.29%

Over the past three days, ICXUSDT has dropped by approximately -18.70%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -16.51%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ICXUSDT maintaining a downward trend of approximately -40.34%, despite intermittent fluctuations. Examining the last 90 days, ICXUSDT has witnessed substantial drop of approximately -58.87%, reflecting strong long-term confidence. Year-to-date, ICXUSDT has steadily dropped by around -51.29%, 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 0.78199.
  • Momentum score is -0.26761.

ICX USDT Technical Analysis

ICON Trading Volume:

The trading volume for ICON (ICX) over the past 24 hours has been significant, with approximately 17,264,279.80 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 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-USDT is currently in the low zone, around 34.1306. This suggests that ICON is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

ICON (ICX-USDT) is currently exhibiting signs of short-term bearish 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 low RSI and significant trading volume are low signals for potential downward movement.

Consider bearish sentiment in ICON (ICXUSDT) at 1.30e-01 USDT with technical analysis, showcasing weakened support and cautionary indicators.

Take the next step in your exploration by delving into our detailed insights on ICX BTC ICON Technical Analysis; it’s a natural follow-up if you enjoyed 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.

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