The price structure of ICON shows a fierce battle, with bulls initially dominating the price and holding the upper hand as the price jumped from $0.1500 to $0.4000. Nevertheless, bears disrupted the market on March 14th, 2024, leading to a loss of momentum for the bulls. Therefore, bears dominated and set new lower lows and highs on the daily chart, leading to the formation of support at $0.2000. After that, the price consolidated at this critical level for a couple of daily sessions.
The latest price indicates a spike from the support base at $0.2000 by April 20th and illustrates a minor pushback from bears, possibly signaling a return of bullish momentum.
Furthermore, the ICON crypto price approaches the primary resistance levels from the 20-day and 50-day EMAs on the daily asset chart. Meanwhile, RSI is at 45.96 and has taken support on 14-SMA, and MACD is at -0.184 with a bullish cross.
At the time of writing, the ICON price has increased by +4.37% since yesterday and was $0.2606 at press time. If demand for ICX increases, it may rebound remarkably from its present price level. The next target for the price may be to hit $0.3000; beyond this price level, it could stretch up to $0.3400.
Conversely, if the ICX crypto price asset drops below the $0.2000 threshold support, it may continue to fall and reach lower points in the coming sessions.
ICON Crypto Volatility, Volume, And Price
This chart contrasts the volume volatility and the ICON crypto price movement. ICX crypto volume is increasing gradually, and positivity has been witnessed in recent sessions. However, the volatility has declined from 0.159 to 0.042, indicating stability.
Moreover, the ICX crypto seems comfortable at the current price levels, which shows that the sellers are sitting in the rear, and the bulls may assist the ICON crypto price rise.
ICON Crypto Development Activity And Count Analysis
The ICX crypto allows tracking weekly developer activity and focusing on healthy activity. This is further achieved by monitoring the developers’ contribution to the commit count in ICON.
The development peaked in January 2024 and fell to mid-April 2024; by April 16th, 2024, the activity count had started increasing. This scenario highlights that the ICON crypto has seen significant developer activity and commit count over the last three months. Similarly, this information can be used to make informed decisions about the future of ICX crypto and its development.
ICON Crypto Social Activity
The level of social dominance sentiment indicates the level of acceptance of ICON crypto among users, increasing or decreasing. The social dominance chart shows a favorable trend over time.
The level of social activity around ICX cryptocurrency appears to have increased in the latest trading sessions due to the rising price. It shows a continuation of the current short-term trend, increased social volume, and a growing awareness about ICON cryptocurrency.
The rise in social dominance could also lead to an increase in the price of ICON, as more user involvement may boost demand and increase the ICX asset’s value.
Rezumat
The price of ICON faced a fierce battle between bulls and bears, leading to a jump from $0.1500 to $0.4000, followed by a drop to $0.2000. Currently, at $0.2606, it may rise to $0.3000 or fall below $0.2000, depending on demand.
ICX crypto’s price is stable and supported by bulls, who are monitoring healthy developer activity and commit count. Despite a dip in development, recent activity has increased, showing a positive trend in user acceptance and social activity, potentially leading to a price rise.
Nivele tehnice
Niveluri de asistență: $ 0.2000
Nivelurile de rezistență: $ 0.3000
Declinare a responsabilităţii
În acest articol, punctele de vedere și opiniile declarate de autor sau de orice persoană numită au doar scop informativ și nu stabilesc sfatul investițional, financiar sau de alt tip. Tranzacționarea sau investiția în active criptomonede implică un risc de pierdere financiară.
Amanda Shinoy este una dintre puținele femei din spațiul care a investit până la genunchi în cripto. Avocată pentru creșterea prezenței femeilor în criptomonede, este cunoscută pentru analiza ei tehnică precisă și pentru predicția prețurilor criptomonedelor. Cititorii așteaptă adesea părerea ei despre următorul miting. Este expertă în finanțe cu un MBA în finanțe. Renunțând la un loc de muncă corporativ la o instituție financiară de top, acum se angajează cu normă întreagă în educația financiară pentru publicul larg.
Source: https://www.thecoinrepublic.com/2024/04/24/icon-crypto-shows-a-surge-will-it-form-a-massive-rally-soon/