ICOBID (ICOB) Falls 0.03%, Underperforms the Crypto Market Monday

Monday, July 25, 2022 12:26 PM | InvestorsObserver Analysts

ICOBID (ICOB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has declined 3.48% to $0.0002193319469.

InvestorsObserver is giving ICOBID a 17 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 17, placing it in the bottom 17% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. ICOB's low volatility reading comes 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 around $0.00021343618394338 and resistance at $0.000220107800518129. 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.