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

Wednesday, May 25, 2022 07:48 AM | InvestorsObserver Analysts

ICOBID (ICOB) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has gained 0.66% to $0.0002946397495.

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 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 well positioned going forward. With support set at $0.000287801339449358 and resistance near $0.00029767897577956. 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.