ICON extends its detrimental bias out there because the earlier week, and alongside, as we finish the primary ten days of the continuing month, the bearish crossover lingers. ICX, after having breached the 22-month resistance at $0.80, has progressively pulled again by over 45%.
And with the draw back correction of all the market, the native coin of one of many high blockchain platforms is seen missing an incredible momentum. The latest correction has led to breaching the uptrend that was prolonged proper after the YTD marked round $0.10.
ICON Worth Evaluation
ICX/USD Chart By TradingView
ICX—the native token of among the best interoperability platforms, is presently buying and selling with an prolonged bearish crossover in opposition to the dollar. ICON token pulled again by over 40% in 2 weeks and is presently buying and selling at $0.435 with a bearish crossover on the MACD chart, with 24-hour ICX/USD motion.
Because of the detrimental bias, the ICX worth development is close to to breaching the decrease band with a scarcity of help from MA50 after having nosedived from the $0.45 worth space. Nevertheless, if the token plummets any additional with as per the latest momentum is prone to have a consolidating sample however in any other case will check MA200 help at $0.33. the RSI of ICX stays confined in the direction of the help and is presently mendacity at 42.92 with no abrupt change.