In the past 24 hours, the market has made some slight gains, which has led to most altcoins trading in the green zone. Despite gains not being very large, some altcoins have shown exemplary performance with double-digit gains. ICON is among the coins that have stood out in terms of price gains.
ICON is trading at $41.88 at the time of writing after a 16.2% gain in 24 hours.
ICON Price Analysis
ICX has been making headlines this month because of incredible gains. While some altcoins have rescinded to low levels because of increased market volatility, ICX has continued to create new highs.
Buyer and market support are currently fueling ICX’s uptrend. The market has shown a great recovery in prices, and ICX has benefited from this to reach a high of $1.94. Despite retreating to the current levels, the coin could continue making an upswing.
The next resistance for the coin lies at $2. This level will be achieved if buyers continue to pile up pressure for the coin. However, the coin needs overwhelming support to reach the May highs of $3.
If the support fails, ICX will retreat to $1.85 and $1.80 support levels. Before the rally in the past 24 hours, ICX was trading at $1.59, and the coin could slump to such lows if there is no market support.
The ICON foundation continues to improve on the developments of its blockchain. The foundation has entered into an agreement with ParaState, where ICON will receive an Ethereum Virtual Machine (EVM) and Ethereum WebAssembly (eWASM). These capabilities will boost the growth and the capabilities of the blockchain, hence increasing use cases.
Where to Buy ICX
If you want to buy ICX during the current gains, you can open an account on the following exchange platforms:
You can buy ICX from eToro. eToro is associated with copy trading, which makes it possible for a new trader to gain access to the strategies used by seasoned traders. eToro’s trading fees and friendly and competitive.
Kraken is one of the largest crypto exchanges. Kraken makes it possible to trade a wide range of cryptocurrencies and trading pairs. Kraken also supports friendly features that make it convenient for traders to use the platform.
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