ICX Technical Analysis: Trendline Sellers Push Back The Bullish Recovery

The ICX coin price jumped 30% but fails to defeat the sellers at the resistance trendline as it reverses back to $0.60. Will the bears break the $0.60 mark? ICON Network is a layer-one blockchain originating from South Korea. Its stated goal is to create an interoperable blockchain system that bridges the gap between autonomous online communities and real-world businesses. ICON Network focuses on delivering real-world benefits by improving hyperconnectivity via the promotion of transactions that are free of friction. Let us move ahead to read about Icon technical analysis. Past Performance of ICX ICX token price shows a downfall of more than 65% in the last few months, resulting in the formation of a highly influential resistance trendline. It has pushed multiple bearish attempts. The price trends close to the resistance trendline with the recent jump of 30% past week. However, the trendline rejects the price jump resulting in a retracement to the $0.65 horizontal level. ICX/USD Daily Chart ICX Technical Analysis The ICX coin price fails to rise above the long-coming resistance trendline despite approaching the $0.90 mark with a 30% jump. Hence, traders can shortly find a selling opportunity as the downfall starts. The Stochastic RSI indicator shows a parabolic fall in the K and D lines as they give a bearish crossover and fall below the 70% mark. Hence, the indicator reflect high possibility of a downfall below the $0.60 mark...