ICON Blockchain Project to Cease Operations by 2026

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 25 2026

ICX+0.345%

ALT-0.151%

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Project Shutdown Announcement: ICON Network has announced it will officially cease operations on December 31, 2026, after nearly nine years, transitioning entirely to the SODAX ecosystem, which could significantly impact ICX token holders.
Token Migration Deadline: The deadline for migrating ICON's native token, ICX, to the SODA token is also set for December 31, 2026, after which conversion transactions for ICX will no longer be possible, affecting asset liquidity for users.
Conversion Mechanism Changes: As of September 30, 2026, two-way conversion for ICX will end, allowing only one-way conversion to SODA, which limits user flexibility during the migration process and may lead to potential losses.
SODAX Strategic Shift: SODAX management stated that with the development of cross-chain infrastructures, the fundamental issues in the blockchain sector have shifted to liquidity and user experience, prompting SODAX to focus on developing its cross-network execution and liquidity systems to meet market demands.

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Technical Analysis for ICX

Technical Sentiment Analysis for ICON (ICX). As of , ICON (ICX) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ICX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ICX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

ICON (ICX) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0202	0.0237	0.0265	0.03	0.0328	0.0363	0.0391
Fibonacci	0.0237	0.0261	0.0276	0.03	0.0324	0.0339	0.0363

About ICX

Apps use ICON to operate cross-chain seamlessly, build momentum and gain reputation. ICON's Cross-Chain Framework simplifies cross-chain development with its easy-to-use xCall messaging standard and connections to secure bridging protocols.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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