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Iconic (ICON) Falls 0.01%, Underperforms the Crypto Market Saturday

Saturday, July 02, 2022 06:11 AM | InvestorsObserver Analysts
Iconic (ICON) Falls 0.01%, Underperforms the Crypto Market Saturday

Iconic (ICON) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has fallen 1.31% to $0.003449154035.

volatility - 15
InvestorsObserver is giving Iconic a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on Iconic!

Low Volatility

InvestorsObserver gives Iconic a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. ICON'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.

Iconic price is in a good position going forward. With support near $0.00332058767271577 and resistance at $0.00360120098521351. This leaves 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.

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