ICOBID (ICOB), Low Volatility but Falling Friday: Is it Time to Cash Out?

Friday, December 03, 2021 05:35 PM | InvestorsObserver Analysts

ICOBID (ICOB) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the crypto has fallen 5.71% to $0.0005351811963, reaching a five-day high.

InvestorsObserver is giving ICOBID a 9 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 9, placing it in the bottom 9% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. 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 above resistance. With support around $0.000518985443498972 and resistance set at $0.000533526473894748. This leaves ICOBID out of range and potentially in a volatile position if the rally burns out.

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.