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Market Overview
The ICX/USD pair closed at 0.0581, down 0.17% from the previous close, continuing a downtrend with a 30-day return of -2.02%. The price remains below the 20-day SMA of 0.0592 and the 50-day and 200-day SMAs, indicating sustained bearish momentum. The RSI suggests weakening buying pressure, consistent with the overall downtrend. Key support is near 0.0568, while resistance is at 0.0607. No significant upcoming events are currently noted to influence price action. Technical indicators reflect cautious sentiment amid moderate liquidity and increased whale selling pressure. For information only.
Last Updated 1/8/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.