ICX/USDT – Bullish Breakout Confirmed, Eyeing Higher Targets
Date: June 9, 2025
ICX/USDT has officially broken out of a key consolidation range and is now entering a new bullish phase. With momentum rising and volume supporting the move, the path of least resistance remains to the upside.
📊 Technical Overview:
Current Price: $0.1672
Key Support Zone: $0.1393
Resistance Levels:
Short-term: $0.3000
Mid-term: $0.4000
📈 Indicators:
RSI: At 76.50 – entering overbought territory, but confirms strong bullish momentum.
EMA Alignment: Price is well above all major EMAs (4, 50, 100, 200), confirming trend reversal and bullish structure.
📉 Volume:
A spike in volume confirms genuine interest behind the breakout. This is not a low-liquidity move, but a meaningful shift in market structure.
🔍 Chart Structure:
ICX broke through horizontal resistance with strong price action.
RSI has broken above the 70 mark, confirming bullish momentum.
Previous accumulation zone ($0.13–$0.14) now acts as strong support.
🎯 Upside Targets:
First Major Target: $0.3000 – previous significant resistance
Second Major Target: $0.4000 – historical supply zone from December highs
📉 Invalidation Zone:
A breakdown below $0.1393 would invalidate the current bullish setup and suggest a re-entry into consolidation.
Good Trading!!
