ICON Network is a South Korean layer-one blockchain. Its stated goal is to create an interoperable blockchain network that connects autonomous online communities and real-world enterprises
ICON Network is dedicated to providing real-world utility by advancing hyperconnectivity and promoting frictionless value exchanges. It can reduce the number of intermediaries and eliminate barriers to cross-border interactions by verifying transactions on its decentralized ledger. The company focuses on decentralized identity, digital certificate issuance, blockchain payments, decentralized finance, non-fungible tokens, and additional use cases such as e-government, elections, decentralized oracles, and e-health. Let us review ICX price.
ICX Price Prediction
Bullish Scenario: If ICX manages to break above the resistance level at $1.06 then it would be bullish. If it gains some momentum and buying pressure builds up then we might test the next resistance level at $1.19 and $1.39. Breaking above $1.39 price level with significant buying volume will lead to a good chance of crossing above $1.70.
Bearish Scenario: ICX has been in a downtrend channel since the last few weeks. However, if the $0.66 support level is not maintained, the price will fall to $0.59, $0.45 and even lower sooner or later.
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