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

Date: June 9, 2025ICX/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: $0.1672Key Support Zone: $0.1393Resistance Levels:Short-term: $0.3000Mid-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 resistanceSecond 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!!