TL; DR Breakdown The Balance of Power indicator is positive, implying the buying pressure is more intense than selling.Indicators suggest a possible bull market.Icon trading volumes have increased by 13 percent in the last 24 hours. Icon price analysis: General price overview The coin traded in a bullish trend towards the closure of yesterday’s Icon price analysis chart. Buyers came into the market in numbers causing the price to close at $1.6. The bulls gathered enough strength in the early trading hours and successfully outnumbered the sellers, following a rising wedge. At the time, the bears were preparing for an attack. On the five-day Icon price analysis chart, the 20-day Moving Averange crossed over the 100-day MA suggesting a bull market. The sellers struggled to push the price downwards without success until yesterday, when the bears controlled most parts of the daily chart with red candlesticks outnumbering the green candlesticks. Over the previous 24 hours, the overall cryptocurrency market was down. Bitcoin has fallen by 3.86 percent, while Ethereum has decreased by 5.6 percent. LUNA was the day’s most outstanding gainer, increasing 25%. Solana (SOL) is also one of the worst losers, having lost more than 12% of its value. ICX/USD price movement in the last 24 hours: Bull trend Icon began the daily price analysis chart in a bullish momentum sending the prices upward before reaching resistance...
