Cryptocurrency
This Crypto’s 300% Parabolic Rally Suggests a Market-Wide “Altseason” is Imminent
As NewsBTC reports, “2020 has been a great year for the cryptocurrency markets so far, with Bitcoin and virtually all major altcoins posting sizeable gains. These gains, however, pale in comparison to those seen by ICON (ICX), which is a relatively small crypto that has been caught within a parabolic ascent over the past few […]
As NewsBTC reports, “2020 has been a great year for the cryptocurrency markets so far, with Bitcoin and virtually all major altcoins posting sizeable gains. These gains, however, pale in comparison to those seen by ICON (ICX), which is a relatively small crypto that has been caught within a parabolic ascent over the past few days.
“This parabolic rally has led ICON into a key resistance region, and the crypto is showing signs of slowing down as the immense buying pressure that drove this massive rally begins to slow down.
“Importantly, ICX’s rally may offer some important intel into where other altcoins are going, and one analyst believes that it could signal the next ‘altseason’ is imminent.
“At the time of writing, ICON is trading up nearly 40% at its current price of $0.516, which marks a massive climb from its daily lows of $0.33 that were set yesterday morning.