ICON Takes the Bearish Path Along with Delay in the Giveaway


ICON (ICX) has been included recently in the Stanford Business in its report regarding ‘2019 Blockchain for Social Impact’. Further, ICON Foundation has extended the ICX giveaway through October 29. Further, they are planning to update the ICON decentralization network.

ICON to USD Price Analysis:

On August 31, 2019, ICON was trading around 0.21441 USD. From there, in a period of 25-days, the crypto declined by a margin of 24.02%. ICX followed a similar trend in the weekly trading where it went down by 24.04% from the marked price of 0.215196 USD on September 19. A similar action can be visualized in intraday trading. It opened the other day at 0.193427 USD and with a dip of 10.48%, closed at around 0.173148 USD.

ICON Price Chart

Till the last week, ICX has shown some ample amount of strengthening. However, in the last couple of days, the whole crypto space is filled with negativity and so is the coin. The immediate resistance for the ICX is at 0.1951 USD and the support level is at 0.1597 USD.

The mentioning of ICON on Stanford Business report will enhance the popularity of the coin. Further, the upgradation in decentralization network will enhance the security and outreach of the chain. Meanwhile, the overall trends are bearish the last resort is waiting and holding the investment until any further upsurge occurs in the market.

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