ICON is a blockchain-based platform that facilitates the exchange of cryptocurrencies and other digital assets. The project has been in development since October 2017, with a focus on providing a decentralized network for different communities to communicate and interact.
The icx stock is a cryptocurrency that has been around for quite some time now. It’s price has been on the rise and it seems like it will hit $7 soon.
- The range of bullish ICX price predictions is $1.01 to $5.25.
- The price of ICX may potentially rise to $7.
- For 2021, the ICX pessimistic market price forecast is $0.45.
We utilize data, price trends, ADX, and other information about ICX to evaluate the cryptocurrency’s future movement in ICX price forecast 2021.
ICON Cryptocurrency (ICX) is a cryptocurrency network founded by a South Korean firm in 2017. The ICON blockchain network allows different blockchain software applications to connect and interact with one another.
ICON is a blockchain technology that enables decentralized apps to be built. As an aggregator chain—a web of linked networks that combines all blockchain data into a single layer—it accomplishes interoperability.
ICON’s Current Market Situation (ICX)
At the time of writing, the price of ICX was $0.797, with a 24-hour trading volume of $45,768,763 according to Coingecko. ICX, on the other hand, has risen 5.98 percent in the past 24 hours.
Furthermore, there are 639,467,117 ICX in circulation. ICX is currently traded on Binance, CoinTiger, OKEx, Huobi Global, and Upbit, among other cryptocurrency exchanges.
Price Prediction for ICON (ICX) in 2021
On CoinGecko, ICON (ICX) is now ranked 107th. With a daily time period, the ICX price forecast for 2021 is described below.
Ascending Broadening Wedge Pattern on the ICX/USDT (Source: Tradingview)
An upward widening formation resembles an inverted triangle on the price chart. It symbolizes market turbulence, with buyers trying to retain control and sellers attempting to take power. During an upswing, it forms a bearish reversal pattern. In an ascending wedge pattern, the price swings between the higher resistance line and the lower support line.
In an ascending widening wedge formation, the price makes a bottom and then increases. The price movement is then monitored by traders as it records higher highs and lower lows within a range. The upper and lower limit lines are then formed by joining the peaks and throughs.
In an uptrend, the price must hit both the upper and lower trend lines three times, with the resistance line climbing higher than the bottom line, to confirm the pattern.
ICX is now trading at $0.797. Following that, ICX may continue to decline or climb, depending on the breakout direction. With this trend, ICX may soon hit the $1.10 resistance level. If the trend continues, the price of ICX may drop below $0.45.
Support and Resistance Levels for ICON (ICX)
The chart below depicts ICON’s support and resistance levels (ICX).
Support and Resistance Levels for the ICX/USDT (Source: Trading view)
According to the aforementioned chart, the resistance and support levels for ICX are as follows.
- $1.01 is the first level of resistance.
- $1.90 – Level 2 Resistance
- $3.20 for Level 3 Resistance
- $ 5.25 for Level 4 Resistance
- Level 1 Support – $0.45
- Level 2 Support – $0.25
The graph shows ICX’s bullish performance over the preceding month. However, this trend will eventually hit the $1.10 resistance level. If the trend were to reverse, ICX might fall below $0.45, indicating a bearish indication.
Average Directional Index of ICON (ICX) (ADX)
Let’s have a look at the Average Directional Index for the ICX (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The preceding chart shows the ICX ADX, which has a range of 12.31, indicating a weak trend.
The ICX is a cryptocurrency that is ideal for long-term investment. Furthermore, until the breakout direction is verified, the ICX price forecast will be bearish or bullish. This year, though, it has a strong probability of hitting $5.25. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the ICX ecosystem, ICX’s performance is expected to increase to $5.25 in the near future. However, if investors think that ICX is a solid investment in 2021, it might reach $7.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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Frequently Asked Questions
Will ICX ever go up?
Should I buy ICX Crypto?
It is hard to say whether or not you should buy ICX Crypto. The main reason for this is because it is so new and there are no reviews on the coin yet.
Will dash go up in 2021?
It is difficult to say what the future holds for Dash. There are many factors that go into determining the value of a cryptocurrency, and it is hard to predict whether or not Dash will increase in value or decrease in value by 2021.
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