Market Overview for ICON/Tether (ICXUSDT) on 2026-01-17

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 17, 2026 1:27 pm ET1min read
USDT
--
ICX
--
Aime RobotAime Summary

- ICON/Tether (ICXUSDT) broke above 0.0595 resistance, closing at 0.0605 with strong volume on 2026-01-17.

- Technical indicators show bullish momentum: RSI below overbought, MACD positive, and price near upper Bollinger Band at 0.0612.

- 61.8% Fibonacci retracement at 0.0604 acts as dynamic support/resistance, with volume spikes confirming continuation.

- Price may test 0.0604-0.0607 convergence zone next, with break above 0.0607 signaling potential upward trend extension.

Summary
• Price surged above key resistance at 0.0595, closing near 0.0605 on strong volume.
• Momentum remains positive with RSI showing no overbought signs, MACD bullish.
• Volatility expanded during peak hours, pushing price to outer Bollinger Band levels.
• Volume spiked at 09:15–13:30 ET, confirming bullish continuation on 5-minute chart.
• 61.8% Fibonacci retracement aligns with 0.0604, acting as a dynamic support-turned-resistance.

Price Movement and Volume Activity


ICON/Tether (ICXUSDT) opened at 0.0579 on 2026-01-16 at 12:00 ET, reached a high of 0.0612, a low of 0.0577, and closed at 0.0605 on 2026-01-17 at 12:00 ET. Total 24-hour volume was 3,361,097.2 ICX, with notional turnover amounting to 197,619.49 USD.

Technical Structure and Momentum


The price formed a bullish breakout pattern around 0.0595, followed by a continuation rally into the session high. A large bullish engulfing pattern emerged at 05:45–06:00 ET, confirming strength. RSI climbed steadily but remains below overbought levels, while MACD held positive territory with a widening histogram, suggesting sustained momentum.

Volatility and Fibonacci Retracements


Bollinger Bands expanded during the breakout, with price peaking near the upper band at 0.0612. The 61.8% Fibonacci retracement of the prior bearish swing (0.0612 to 0.0594) aligns with 0.0604, which has been a critical pivot. Price appears to be consolidating near this level, suggesting a potential pullback or continuation.

Volume and Turnover Dynamics


Volume spiked during the early part of the session, especially between 09:15–13:30 ET, confirming price strength. Turnover increased in tandem, with no divergence noted between price and volume. This suggests the recent rally is backed by real buying interest.

Outlook and Risk Considerations

The price may test the 0.0604–0.0607 range in the next 24 hours, where Fibonacci and prior resistance converge. A close above 0.0607 could signal a continuation of the upward trend. However, a reversal below 0.0595 may trigger a retest of earlier support levels, highlighting the need for tight stop-loss management in a volatile environment.