ICON (ICX) is the native token of the ICON blockchain, a delegated proof‑of‑stake (DPoS) Layer‑1 network focused on interoperability and cross‑chain connectivity using the xCall/IBC‑style framework.
ICX currently trades around ≈$0.04 USD (~৳4.85 BDT), dramatically below its all‑time high near $13.16, reflecting long‑term bearish pressure and deep correction from peak levels.
Recent price action has shown sideways consolidation with weak volume, often influenced by broader crypto market sentiment rather than project‑specific catalysts.
Short‑term technicals remain neutral to bearish, with ICX showing oversold conditions on some indicators but still struggling to break key resistance zones.
Network developments like SODAX transition and Balanced merger aim to enhance DeFi utility and fee‑burn mechanisms, but execution risk remains.
Overall, ICX trades like a speculative altcoin where price action is tied to macro trends and adoption news more than short‑term momentum.
@ICON Network - ICX $ICX #ICXtoken #icx