Date: June 9, 2025
ICX/USDT has officially broken out of a key consolidation range and is now entering a new bullish phase. With momentum rising and volume supporting the move, the path of least resistance remains to the upside.
📊 Technical Overview:
Current Price: $0.1672
Key Support Zone: $0.1393
Resistance Levels:
Short-term: $0.3000
Mid-term: $0.4000
📈 Indicators:
RSI: At 76.50 – entering overbought territory, but confirms strong bullish momentum.
EMA Alignment: Price is well above all major EMAs (4, 50, 100, 200), confirming trend reversal and bullish structure.
📉 Volume:
A spike in volume confirms genuine interest behind the breakout. This is not a low-liquidity move, but a meaningful shift in market structure.
🔍 Chart Structure:
ICX broke through horizontal resistance with strong price action.
RSI has broken above the 70 mark, confirming bullish momentum.
Previous accumulation zone ($0.13–$0.14) now acts as strong support.
🎯 Upside Targets:
First Major Target: $0.3000 – previous significant resistance
Second Major Target: $0.4000 – historical supply zone from December highs
📉 Invalidation Zone:
A breakdown below $0.1393 would invalidate the current bullish setup and suggest a re-entry into consolidation.
Good Trading!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.