streamoors
IGNITION
Injective
Quantus
NEAR Protocol
Pearl
LayerZero
- ICON performed a positive momentum on Thursday’s trading session
- The bullish momentum can be the product of speculation of an upcoming ICX Airdrop
- ICX price is $1.43, which is up by 51.38% in the last 24-hour time-frame and 82.00% up from the previous week
- ICX/BTC pair is positive with a gain of 16.58% in Thursday’s trading session (0.00003195)
ICON had positive momentum on the weekly chart, and it progressed up to $1.50 on February 11, 2021, while breaking over the resistance zones created in the past. ICX price is framing a fresh record of a 52-week high. Meanwhile, the trading volume of $462,393,647 in the last 24-hour time-frame signifies an increase in the value of 198.53%. The ICX/ETH pair is positive with a rate of (0.000828) which is up by 16.08% in Thursday’s trading session. On social media handles, speculations of ICX Airdrop has been made while there’s nothing in official form or any reliable sources to address.
ICX Airdrop: An Upcoming Reality Or Mirage?
A recent tweet by ICON’s Founder Min Kim hinted at Airdrops being a pretty cool thing like the ‘ICX Community.’ Post the tweet there have been speculations on whether ICX Airdrop is about to launch. However, the skeptics suspect that it may be just a hoax that the community is trying to create to raise the asset price. Moreover, on numerous social media platforms rumors are spreading like wildfire about the Airdrop launch. But, at present, the news is not confirmed by any reliable sources. Hence, the speculations may be genuine or fictitious.
The metrics provided by Lunarcrish reflects on the rising social engagement for ICON since the starting of this month. Both the aspects, price and social engagement hasn’t showed ani significant signs of reversals which indicates that the bullish rally of the crypto asset is trending on numerous social media platforms and may perisist in the upcoming trading sessions.
ICON (ICX) Technical Chart Indicates a Positive Trend
The technical chart of ICON highlights a positive trend. In contrast, ICX price is at $1.43. According to pivot points, the critical support level for ICX is placed at $0.94. Whereas if it moves up, the key resistance levels to watch are $1.42 and $1.56. While diving into the weekly chart of a 4-hour time-frame, it completes an inverted bullish hammer candlestick pattern, indicating the bulls have overwhelmed the bears and are now in control.
Volume indicator with the amount (5.1M) exhibits a buying volume in coin. Investors can further expect an increase in buying volume in future trading sessions.
SMA-200, price is at $0.75, which acts as another reliable support in the coin. The price is above the SMA, and investors can expect a bullish trend in the coin.
MACD indicator (Bullish), bullish crossover above signal line detected on February 11, 2021, indicated a buy signal in the coin during the trading session. Also, it denotes massive green bars on Histogram.
Meanwhile, the RSI indicator (Overbought) with a value of 84.53 indicates an overbought situation in the coin, investors can witness a bullish value in upcoming trading sessions.
Conclusion
ICX price is up by 51.38% on Thursday’s trading session. The price is above the SMA of $0.75. Investors may expect the price to progress towards the next resistance level of $1.56. Whereas, all technical indicators recommend a buy signal in the coin. If the rumors about ICX Airdrop prove to be valid in the future, we might expect the price levels to extend its surging nature.
Resistance: $1.56
Support: $0.94
