Ixcoin (IXC) Falls 0.53%, Underperforms the Crypto Market Monday

Monday, July 17, 2023 06:45 PM | InvestorsObserver Analysts

Ixcoin (IXC) has been relatively more volatile compared to the crypto market. So far Monday, the crypto has lost 53.42% to $0.009962313266.

InvestorsObserver is giving Ixcoin a 91 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ixcoin!
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Highly Volatile

InvestorsObserver gives Ixcoin a high volatility rank of 91, placing it in the top 9% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. IXC's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Ixcoin price is in a favorable position going forward. With support set at $0.00522887857754721 and resistance set at $0.0145863067557384. This leaves Ixcoin with room to run before facing selling pressures.

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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