ICX/USDT — Descending Triangle, Breakout or Breakdown?

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?

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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

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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.

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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)

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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

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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

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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.

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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.

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