Iconic (ICON) Down 0% Wednesday: What's Next?

Wednesday, February 01, 2023 11:26 AM | InvestorsObserver Analysts

Iconic (ICON) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has fallen 0.46% to $0.008061144686.

InvestorsObserver is giving Iconic a 19 Volatility Rank. Find out what this means to you and get the rest of the rankings on Iconic!

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Low Volatility

InvestorsObserver gives Iconic a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. ICON's low volatility reading is paired 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.

Iconic price is favorably positioned going forward. With support around $0.00795186888822375 and resistance set at $0.00811267756321488. This positions Iconic 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.