$ICX has seen a price decrease of 3.106% over the last 24 hours.
The price range was between 0.1311 and 0.1239, suggesting current selling pressure.
Bollinger Bands indicate constrained volatility, with upper and lower bands at 0.1303 and 0.1235, respectively.
Strong support is identified at 0.1239, while resistance sits at 0.1306.
The overall market trend remains a downtrend, reinforced by macroeconomic factors such as ongoing inflation concerns.
Currently, Bitcoin’s influence is undefined, leading to uncertainty for altcoins like ICX.
Traders should consider a short-term approach due to the increased volatility and uncertain market conditions.
Key takeaway: A close watch on support levels will be critical for bullish reversals; absence of catalysts may lead ICX to further downside.
