ICON Price Analysis: ICX Coin 20% Green Despite A Red Flag In Crypto Market

The ICON coin price carried a steady rally from late July, making a high point at $2.7. However, this peak was a third touch to the resistance zone near $2.5
Published by
ICON Price Analysis: ICX Coin 20% Green Despite A Red Flag In Crypto Market

The ICX coin started displaying positive signs from the $1 support from mid-December. The increasing underline bullishness of the price initiated a new rally which is currently 65% from the bottom. Today, the token showed a sudden boost in its price, which could be triggered by the 1:1 Airdrop of both ICY and ICZ tokens for ICX and sICX holders.

Advertisement

ICON/ICX Coin In The Daily Time Frame Chart

Source-Tradingview

Advertisement

Past Performance in ICX coin Chart

The ICON coin price carried a steady rally from late July, making a high point at $2.7. However, this peak was a third touch to the resistance zone near $2.5, and after the last retest, the coin entered a correction phase. The pair lost 58% from this previous high and plummeted to the 0.786 Fibonacci retracement level.

Advertisement

ICON Coin Price Breaks Out From A Rounding Bottom Pattern

The ICX coin stayed near $1 support for nearly two weeks, trying to identify sufficient demand pressure. The coin chart started showing lower price rejection candles to begin a recovery rally at this support.

This new rally eventually showed a rounding bottom pattern in the 4-hour time frame chart. Today, the price finally provided a decisive breakout from the $1.8 neckline, indicating more potential for this rally.

The pair is currently in a retest phase and trying to hold above the new support. The crypto traders can consider entering a long position if the price shows enough sustainability above this level or $1.65.

By the time of writing this article, the ICON coin is trading at $1.82, with an intraday gain of 17%. The 24hr volume change is $593.8 Million, indicating a 818.42% hike. As per the Coinmarketcap, the coin stands at 83rd rank with its current market cap of $1.26 Billion(+10.36).

ICX Coin In The 4-hour Time Frame Chart

Source-Tradingview

Technical Indicators-

-The daily Relative Strength Index(53) of the 12-hour time chart frame shows a steady upward rally, approaching the overbought territory.

-Today, the ICX price crossed above the 50 and 200 EMA line with its huge bullish candle, reclaiming its bullish alignment. 

-the important chart level for this coin are;

Resistance; $2, $2.2

Support; $1.8, $1.68-1.66

Advertisement
Share
Brian Bollinger

From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Binance Responds to Charges of Supporting Trump-Family Crypto USD1 and WLFI Soon After CZ Pardon

US lawmakers have started accusing crypto exchange Binance of supporting Trump family projects like World…

October 30, 2025
  • Bitcoin News

SpaceX Makes Third Huge Bitcoin Transfer in 10 Days, Is Elon Musk Planning Something Big?

Elon Musk’s space exploration company, SpaceX, moved another 281 Bitcoin on Thursday, according to blockchain…

October 30, 2025
  • News

Crypto Market Tumbles as Jerome Powell Says December Rate Cut ‘Far From Certain’

The crypto market turned sharply lower on Tuesday after Federal Reserve Chair Jerome Powell said…

October 30, 2025
  • News

FOMC Meeting: Federal Reserve Lowers Interest Rates by 25 Bps in Second Cut of the Year

The U.S. Federal Reserve has announced it has lowered the interest rate by another 25…

October 29, 2025
  • News

WLF Token Jumps 7% as Former Robinhood Counsel Joins Trump-Backed World Liberty Financial

World Liberty Financial (WLFI) has appointed Mack McCain as its new General Counsel. This marks…

October 29, 2025
  • News

Changpeng Zhao “CZ” Warns Investors “Don’t Buy” Golden Statue Meme Coin After 27,000% Surge

Binance founder Changpeng Zhao (CZ) has publicly distanced himself from a newly launched token inspired…

October 29, 2025