iBank (IBANK) Rises 3.6%, Outperforms the Crypto Market Tuesday

Tuesday, April 11, 2023 05:02 PM | InvestorsObserver Analysts

iBank (IBANK) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has increased 3.6% to $0.00090515469.

InvestorsObserver is giving iBank a 16 Volatility Rank. Find out what this means to you and get the rest of the rankings on iBank!

Low Volatility

InvestorsObserver gives iBank a low volatility rank of 16, placing it in the bottom 16% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. IBANK's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

iBank price is trading above resistance. With support around $0.000849203610723796 and resistance set at $0.00089515675457749. This positions iBank out of range and potentially in a volatile position if the rally burns out.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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