Investors Retain Faith in Shibie Coin Amid ICON (ICX) Price Prediction Volatility

ICON (ICX) value prediction is bearish because the Layer 1 token trades in a considerably bearish chart sample, with bears targeted on undoing all of the features made between June 16 and July 17. In the meantime, traders wish to new cryptocurrency comparable to Shibie Coin, which is performing nicely in presale and probably making 20x returns in 2023.

ICON Value Stares Into an Abyss as Losses to $0.1683 Loom

ICX value bounced off the $0.1683 help stage on June 16, staging a 50% rally to set a swing excessive at $0.2536 on July 17. Rejection from this stage noticed the ICON value report a sequence of decrease highs and decrease lows with nearly the same trajectory it had risen with.

This value motion has led to the looks of an inverse V-shaped sample on the each day chart, pointing to a continued downtrend. 

The Relative Power Index (RSI) was pointing downward, and the worth energy at 36 bolstered the bears’ grip on the ICX value. As well as, the Transferring Common Convergence Divergence (MACD) indicator had simply crossed the impartial line into the detrimental area. This instructed that the market circumstances favored the draw back.

Due to this fact, a each day candlestick shut beneath the $0.20 psychological stage would set off large promote orders that would pull the worth towards the $0.185 demand zone. Breaching this stage would see the ICON value drop to succeed in the bearish goal of the prevailing chart sample at $0.1683. This is able to symbolize a 17% decline from the present value.

ICX/USD Every day Chart

Additionally supporting ICX’s grim outlook was the stiff resistance the altcoin confronted in its restoration path. Essentially the most vital hurdle was the provider congestion zone between $0.220 and $0.2406, the place all the key Easy Transferring Averages (SMAs) sat. 

Bulls should push the ICON value again above the SMAs to make sure a sustained restoration. Above that, the following logical transfer can be a return to the $0.2536 native excessive. That is the place ICX’s upside might be capped as profit-booking kicks in, occasioning one other downturn. 

ICON Community is a layer-one blockchain targeted on constructing a multichain bridging resolution that’s scalable, chain-agnostic, and safe. ICON is a hub that connects accomplice blockchains with all different blockchains built-in by way of BTP.

ICX Alternate options

Shibie Coin is an audacious and distinctive cryptocurrency that goals to make an indelible influence within the blockchain business. Drawing the crypto group’s consideration, Shibie Coin combines a feline’s magnificence with a real pioneer’s trailblazing ambition.

🎤 $shibie’s out of crypto jail and again on stage, entertaining followers along with her singing! There isn’t any finish to this Diva’s abilities. From behind bars to middle stage, she by no means misses a beat! #memecoin #bullrun #PNDC

Enter the #presale now: https://t.co/0vq6u6CXw2 pic.twitter.com/4q83iobHHr

— Shibie Coin | Presale Stay (@ShibieCoin) August 6, 2023

Shibie Coin presents fascinating tokenomics thoughtfully allocating 60 billion $SHIBIE tokens as follows: 60% for the presale, 10% for CEX listings, 5% for the group, 5% for advertising, and 20% for liquidity.

The platform’s native token, SHIBIE, is presently in presale and has already achieved a formidable milestone of $177,122.35, with a goal of reaching $999,999 throughout the subsequent six days. 

Aspiring traders can take part within the presale by connecting their digital wallets to the token’s web site and exchanging their ETH or BNB for SHIBIE tokens. Every SHIBIE coin is presently priced at $0.000167. 

Go to Shibie Coin right here for extra particulars on turning into a part of this extraordinary alternative!

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