ICOBID (ICOB) Falls 0.04%, Underperforms the Crypto Market Wednesday

Wednesday, June 15, 2022 07:56 AM | InvestorsObserver Analysts

ICOBID (ICOB) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has dropped 3.65% to $0.0002110413727.

InvestorsObserver is giving ICOBID a 13 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 13, placing it in the bottom 13% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. 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 in a good position going forward. With support at $0.000198682034277338 and resistance around $0.000219363361719045. This leaves ICOBID 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.