Market Overview for ICON/Tether (ICXUSDT) on 2026-01-01

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 1, 2026 1:26 pm ET1min read
ICX
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Aime RobotAime Summary

- ICON/Tether (ICXUSDT) reversed above 0.0525 support, forming a bullish engulfing pattern on 5-minute charts.

- RSI hit oversold levels (<30) and MACD crossed above signal line, confirming buyer dominance during late-ET volume spikes.

- Bollinger Bands expanded with price closing near upper band at 0.0547, while 61.8% Fibonacci support reinforced trend validity.

- 24-hour volume surged to 2.88M with $154K turnover, aligning with price action to confirm upward momentum.

- Traders warned of potential consolidation if 0.0540 fails to hold, despite 50SMA/20SMA crossover signaling short-term uptrend.

Summary
• Price action shows a bullish reversal pattern after a key support level at 0.0525 held.
• RSI indicates oversold conditions, suggesting potential for near-term momentum.
• Volume increased significantly during the late ET hours, supporting the bullish breakout.
• Bollinger Bands show expansion, signaling rising volatility.
• Turnover and price action aligned on the final 5-minute candles, suggesting trend confirmation.

ICON/Tether (ICXUSDT) opened at $0.0533 at 12:00 ET-1, reached a high of $0.0547, a low of $0.0523, and closed at $0.0544 at 12:00 ET. Total volume was 2,883,510.3, with a notional turnover of $154,192.05 over 24 hours.

Structure & Formations


The price found support at the 0.0525 level, which appears to have capped a sharp sell-off. A bullish engulfing pattern formed on the 5-minute chart as price reversed above the 0.0533 level. A small doji formed near 0.0545, signaling potential indecision ahead.

Moving Averages


On the 5-minute chart, price closed above both the 20SMA and 50SMA, confirming a short-term uptrend. Daily data is not provided, but the 5-minute momentum suggests price may test the 50-period resistance at 0.0542 in the next 24 hours.

MACD & RSI


The RSI dipped below 30 in the early hours of 2026-01-01, indicating oversold conditions. The MACD line crossed above the signal line during the bullish reversal, supporting the view that buyers are taking control.

Bollinger Bands


Bollinger Bands have expanded significantly, reflecting increased volatility. Price closed near the upper band at 0.0547, suggesting strong momentum, but a pullback to the mid-band could indicate consolidation.

Volume & Turnover


Volume spiked late in the session, particularly after 16:00 ET, as price broke above 0.0540. Notional turnover mirrored this increase, confirming the strength of the move.

Fibonacci Retracements


On the 5-minute chart, price appears to have found support at the 61.8% Fibonacci level during the early reversal phase. This level aligned closely with the 0.0525 price point, reinforcing its significance.

Price may continue upward, but a test of 0.0533 resistance could trigger consolidation. Traders should remain cautious of potential pullbacks if the 0.0540 level fails to hold.