ICOBID (ICOB) Falls 0.02%, Underperforms the Crypto Market Thursday

Thursday, January 13, 2022 05:36 PM | InvestorsObserver Analysts

ICOBID (ICOB) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the crypto has dropped 2.4% to $0.000428260296.

InvestorsObserver is giving ICOBID a 6 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 6, placing it in the bottom 6% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. ICOB'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.

ICOBID price is trading near resistance. With support near $0.000415223970400869 and resistance at $0.000431287800517632. This leaves 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.