ICX Technical Analysis: $0.81 Retest Brings A Selling Spot

The ICX coin price retests the bearish breakout of the 0.81 mark, indicating a potential arrival of a selling opportunity of 15% reversal. Key technical points: Icon prices trade under all the crucial EMAs. The coin price has jumped 6% in the last 48 hours. Finally, the 24-hour trading volume of Icon is $31.99 Million, marking a 4.20% rise. Past Performance of ICX ICX coin price plunged 33% within a week as the bulls got crushed under the massive supply overflow near the 200-day EMA. The downfall cracks under the 50 and 100-day EMA and multiple horizontal levels and the psychological barrier of $1. Hence, the recent retracement comes as the fallout retest of the $0.81 support level. Source-Tradingview ICX Technical Analysis ICX coin price shows a shakeout reversal to cool down the bearish downfall before continuing the same path. Hence, the retest of the $0.81 level comes as an excellent reversal entry point if higher price rejection is observed later today. The bearish alignment of the daily EMAs (50, 100, and 200) maintains a bearish trend in the daily chart. Hence, the recent retracement to the 50 days EMA comes as a retest and might shortly give a bearish reversal. RSI Indicator: The RSI slope shows a bullish reversal in the nearly oversold zone after cracking under the 14 days average line. Moreover, the 14 days average line continues the bearish trend to reach the halfway line. Stochastic RSI: The K and D lines in the da...