Read this great Steemit article about potential as wel as flaws especially of the ICX token: https://steemit.com/icon/@roosterred/icon-icx-ico-a-promising-coin-with-major-flaws
ICON has dropped in ranking, but currently is still nr. 24 on coinmarketcap, not bad for a coin that has been around less than 6 months.. it also tells us, that despite the recent pricedrop ICON ain't cheap!
Looking at the chart we see a downtrend in the shape of a . Falling are by nature, but I would treat this one with care! As you can see we are close to the Apex, just as has entered in oversold territory on the daily. This could be the prelude of a bigger sell, where prices leaves the on the downside.. A lot will depend on overall crypto-sentiment.. which isn't to good atm, but nothing changes faster than the crypto-market. Still I would choose safe over sorry here ;)