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Is ICON (ICX) Trending Lower or Higher Friday?

Friday, February 11, 2022 12:21 PM | InvestorsObserver Analysts
Is ICON (ICX) Trending Lower or Higher Friday?

ICON receives an average long-term technical score of 54 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, ICX holds a superior long-term technical analysis score than 54% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

Long-Term Technical - 54
InvestorsObserver is giving ICON a 54 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ICON!

Trading Analysis

ICX is currently -$0.5600000 (-40.38%) below its 100-day moving average price of $1.390000000 with its current price of $0.830000000. Meanwhile, ICON is $0.2300000 (-1713.40%) above its 52-week low price of $0.590000000 and -$2.43000000 (-281.67%) below its 52-week high of $3.260000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 54. Trends for the long-term trading history of ICON suggest that traders are currently neutral on the coin. ICON has a total market value of $584,457,729.15 with an average average daily volume of $174,122,870.41 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ICX's volume is below its average with $24,558,343.40 exchanged in total.

Summary

Trading patterns over the last year for ICON leads to the coin's an average long-term technical score of 54 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on ICON (ICX).

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