ICON [ICX] Technical Analysis and Price Prediction 2018, 2020 22367
Analysis
Jessica Kuruthukulangara
Sep 5, 2018 at 5:33 AM

While most major altcoins are undergoing volatile trading, ICON [ICX] is posting pretty solid gains. The coin is steadily making its way to the $1 level for the first time since early August. But selling pressures prevalent in the market could weigh on the crypto's gains.

ICX/USD

The digital currency found support at $0.89 earlier on in the day, following which it steadily rose to as high as $0.96. The coin has since dipped, but could still maintain its bullish momentum. At the time of writing, the MACD indicated that the crypto was trading in the bullish zone. The 100 EMA line showed that ICX was in an uptrend. The altcoin was exhibiting a significant trading range of $0.89-$0.97. As of 2336 GMT, ICX had climbed 6.2 percent higher against the U.S. dollar to trade at $0.96.

ICON [ICX] Technical Analysis and Price Prediction 2018, 2020-BCFocus

ICX/BTC

The crypto, at the time of writing, had risen 4.9 percent against BTC. Currently, one ICX is equivalent to around 0.00013 BTC.

ICON [ICX] Price Prediction 2018, 2020

  • CoinLiker has predicted that the coin could reach as high as $80.29 in one year while its five-year forecast for the crypto is set at $411.03.
  • According to TradingBeasts, ICX is expected to reach $2.68 by the start of December and end the year trading at $2.76. In the year 2020, the digital asset will likely trade in the range of $106.90-$157.20.
  • WalletInvestor is a lot more pessimistic of the coin and has predicted that the crypto could possibly crash. According to its forecast, it is highly unlikely that the virtual currency can even reach $1 in one year.

ICON [ICX] Latest Updates

Most recently, ICON [ICX] Council members met with Won Hee-ryong, the governor of Jeju Island, though the details of what was discussed were not revealed. The meeting has been viewed as an indicator of ICON's role in accelerating blockchain development in South Korea. The meeting was also attended by blockchain venture capital firm Deblock and two ICON DApps - STAYGE One and weBloc.

See also: 

What is ICON [ICX]? : Everything you need to know

ICON (ICX) token swap is going smoothly with ‘no issues’: Foundation

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