Technical analysis by CryptoNuclear about Symbol ICX: Buy recommendation (9/20/2025)

Overview ICX is currently at a critical stage. Price has been consolidating for months within the strong demand zone at 0.11–0.13, while being consistently pressured by a descending trendline from late 2024 highs. This structure has formed a Descending Triangle / Compression pattern, where volatility is contracting, signaling that a major move is imminent. The setup is classic: the longer the squeeze, the stronger the breakout when it comes. The question is — will ICX break to the upside or collapse below support? --- Key Levels Demand zone (major support): 0.11 – 0.13 Immediate resistance (trendline + horizontal): 0.1366 Upside resistance targets: 0.1516 → 0.1604 → 0.1767 → 0.2152 → 0.2783 → 0.3354 Breakdown targets: 0.09 → 0.07 --- Pattern Explanation Descending Triangle: consistent lower highs (selling pressure) while buyers defend a flat support zone. Statistically, this pattern leans bearish, but when it forms near a strong demand zone after a prolonged downtrend, it can also serve as a base for reversal. ICX is now at the apex of the triangle → volatility has compressed and a breakout/breakdown is highly likely soon. --- Bullish Scenario Trigger: a 2D close above the descending trendline with rising volume. Additional confirmation: successful retest of the breakout zone around 0.1366. Upside targets: TP1: 0.1516 TP2: 0.1604 – 0.1767 TP3: 0.2152 Extended: 0.2783 → 0.3354 Stop Loss: below demand zone (~0.105) --- Bearish Scenario Trigger: a 2D close below 0.11–0.105 with strong selling volume. Downside targets: Initial: 0.09 Extended: 0.07 (major chart low) Stop Loss for shorts: reclaim above 0.13–0.1366 --- Sentiment & Momentum Volume: currently declining, showing the market is waiting for a trigger before the next big move. Momentum: RSI & MACD remain neutral, supporting the potential for a strong move once breakout occurs. Market structure: If support breaks → fast drop toward 0.09–0.07 If support holds → strong base for mid-term reversal --- Conclusion ICX is at a make-or-break point: Bullish case: breakout above trendline could ignite a rally toward 0.15–0.21 and beyond. Bearish case: breakdown below support opens the path to 0.09 or even 0.07. Wait for 2D close with volume confirmation before entering. Manage risk properly — this is not the place to trade without discipline. Not financial advice — purely technical analysis. DYOR & use risk management. --- ICX/USDT is forming a Descending Triangle at the 0.11–0.13 demand zone. Volatility is tightening → expect a major breakout or breakdown soon. ✅ Bullish: 2D close > trendline → targets 0.1516 / 0.1767 / 0.2152 ❌ Bearish: 2D close < 0.105 → targets 0.09 / 0.07 Watch volume + 2D close for confirmation. Trading without risk management = suicide. --- #ICX #ICON #ICXUSDT #CryptoAnalysis #TechnicalAnalysis #DescendingTriangle #SupportResistance #Breakout