The ICX cryptocurrency experienced a rebound on Wednesday near the 50-day EMA after three days of decline. The bulls stepped in at lower levels when the price was close to dropping below the 50-day moving average.

Despite recent sharp declines, the long-term trend remains positive, with the price well above the 200-day EMA. However, the short-term outlook has been weakened by recent price drops, requiring the bulls to regain control at lower levels to avoid further declines, possibly finding support at the 50-day EMA.

ICX Crypto Volume Analysis

In the past 24 hours, ICX crypto saw a trading volume of around $16.05 million, a 16% decrease compared to the previous day. The volume shows a bearish trend recently, with diminishing interest from buyers at higher price levels.

The current market capitalization of Icon crypto is $311.73 million, placing it at the 236th position among all cryptocurrencies by market cap. The circulating supply of ICX tokens is 987.60 million, which matches the total supply.

Volatility And Sentiments Charts Analysis

Recent weeks have seen a spike in volatility for ICX crypto, indicating increased price instability. The sentiment curve for ICX crypto dropped below zero but has since risen back above, signaling a shift towards positive sentiment in recent sessions.

Icon Crypto Social Sentiment Insights

Social indicators such as social dominance and social volume reflect user interest in the cryptocurrency. The social dominance curve has shown a positive trend lately, suggesting growing engagement from social media users.

The number of Twitter followers for ICX cryptocurrency remained steady in February and March, with minor fluctuations. Over the last 24 hours, the number of Twitter followers increased by 15, while the increase over the past week was 95 followers.

ICX Crypto Price Prediction 2024

The most optimistic scenario sees the Icon cryptocurrency reaching a high of $0.426 in April if the bulls defend the price above the 50-day EMA. Alternatively, a pessimistic prediction is for the price to fall back to the 200-day EMA if the 50 EMA is breached.

Conclusion

ICX crypto price retraced towards the 50-day EMA, rising by about 2.35% on Wednesday. Bulls are consolidating near the 50-day EMA while bears are pushing back from higher levels, aiming to regain control.

Short-term outlook is bearish after recent price drops, while the long-term trend remains positive above the 200-day EMA. Traders and investors may target a 30-35% increase by the end of the month.

Technical Levels

• Support Levels: $0.307 and $0.253
• Resistance Levels: $0.378 and $0.426

Disclaimer

The views expressed in this article are for informational purposes only and do not constitute financial advice. Investing or trading in cryptocurrencies carries risks of financial loss.