ICON (ICX)

#ICX Descending Channel Breakout Loading🔍

ICON is nearing a breakout from a descending channel on the daily chart🧐

Price action crosses the MA 50, while selling pressure continues to weaken🔍

A confirmed breakout may push price toward targets at $0.071, $0.086, $0.103, $0.121, and $0.153🎯

PNZ AI warns!

The CryptoPNZ-AI Futures + Spot model shared an analysis at 13:00 indicating that $ICX could experience declines.

Looking at the details, the upward trend from the past continues, but the model has identified an area where selling pressure has increased (1. Intermediate Resistance and Major Resistance).

Based on the past upward trend, the last support level where buyers can defend is the intermediate support at 0.055976. If upward reactions are received from the intermediate support level and sellers apply pressure again, we may see continued declines in candle closes below 0.055976.

Study

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