ICON (ICX) Becomes The Crypto Darling, Outperforming The Market

The day before, the crypto market looked really bloody, with most of the coins trading in the red.

Today, in the morning, things have changed, and Bitcoin, together with most of the altcoins, were trading int he green, but now, the market is getting bloody once more.

On the otheer hand, it seems that the token ICON (ICX) has a path of its own and it’s able to maintain an upward trend.

At the moment of writing this article, ICX is trading in the green, and the coin is up more than 8% from the day before.

1 - ICON (ICX) Becomes The Crypto Darling, Outperforming The Market

It’s also worth noting that yesterday, ICX was trading over 11% higher and over the last 73 sessions, ICX managed to become of the most popular crypto darlings out there with a lot of enthusiasts rooting for the coin.

ICX is outperforming the crypto market

As we noted above, ICX is slowly but surely becoming one of the favorite tokens out there and it manages to outperform the crypto market.

The four-hour chart mentioned by FXStreet is showing that the price is moving higher in line with the purple channel. It also looks like a key resistance point is the 0.3500 level and even if the price has printed above that level, there’s not been a higher close.

ICX USD 1 637260335196228184 - ICON (ICX) Becomes The Crypto Darling, Outperforming The Market

On the other hand, the same website mentioned above notes that 0.300 managed to provide some support in the near term and this seems to be the level to beat for the bears.

Check out more in the graph above.

Other than this, earlier today, we revealed that the ICON recently released the 20th issues of the newsletter which updates enthusiasts with news and innovative aspects about the ICON Network.

There are some important updates that include the first selections for the P-Rep delegation, the contribution proposal letter release, and the security token infrastructure.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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