Technical analysis by EdoardoTelve about Symbol ICX: Buy recommendation (6/9/2025)

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!!choppy and almost flat.