ICON (ICX) Price Prediction: Bearish Outlook as Losses Loom
The price of ICON (ICX) is currently in a bearish trend with the potential to undo all the gains made between June 16 and July 17. The daily chart shows an inverse V-shaped pattern, indicating a continued downtrend. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) both support the bearish outlook. A close below the psychological level of $0.20 could trigger massive sell orders, pushing the price toward the $0.185 demand zone and eventually reaching the bearish target of $0.1683, representing a 17% decline.
Main Key Points:
- ICX price has formed an inverse V-shaped pattern, signaling a continued downtrend.
- The RSI and MACD indicators support the bearish outlook.
- A close below $0.20 could trigger massive sell orders and push the price lower.
- Resistance at the $0.220 – $0.2406 range poses a significant hurdle for a sustained recovery.
- A return to the $0.2536 local high could be capped by profit-booking, leading to another downturn.
Shibie Coin: An Audacious Cryptocurrency with Promising Tokenomics
Shibie Coin is a unique cryptocurrency that aims to make a mark in the blockchain industry. With a presale currently underway, it offers an opportunity for investors to potentially make significant returns in 2023. The token allocation includes 60% for the presale, 10% for CEX listings, 5% for the team, 5% for marketing, and 20% for liquidity. The presale has already achieved a milestone of $177,122.35, with a target of reaching $999,999 within the next six days. Aspiring investors can participate by exchanging their ETH or BNB for SHIBIE tokens.
Main Key Points:
- Shibie Coin aims to make an impact in the blockchain industry.
- The presale allocation includes 60% for presale participants.
- The presale has already achieved a milestone of $177,122.35.
- Investors can participate by exchanging their ETH or BNB for SHIBIE tokens.
- Each SHIBIE coin is currently priced at $0.000167.
Hot Take: While the price prediction for ICON (ICX) is bearish, it’s important for crypto readers to consider other promising cryptocurrencies like Shibie Coin. With its audacious goals and promising tokenomics, Shibie Coin presents an opportunity for investors to potentially make significant returns in the future. However, as with any investment, it’s crucial to do thorough research and consider the risks involved.
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