ICOBID (ICOB) Down 0.04% Friday: What's Next?

Friday, April 29, 2022 04:13 PM | InvestorsObserver Analysts

ICOBID (ICOB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has dropped 3.6% to $0.0003839960123.

InvestorsObserver is giving ICOBID a 11 Volatility Rank. Find out what this means to you and get the rest of the rankings on ICOBID!

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Low Volatility

InvestorsObserver gives ICOBID a low volatility rank of 11, placing it in the bottom 11% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. ICOB's low volatility reading is coupled 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.

ICOBID price is trading near resistance. With support near $0.000372479614721393 and resistance set at $0.000385760041804766. This positions ICOBID with potential selling pressures ahead as it may be getting over extended.

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.