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

Tuesday, January 04, 2022 08:08 AM | InvestorsObserver Analysts

Iconic (ICON) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has dropped 1.37% to $0.004663000029.

InvestorsObserver is giving Iconic a 16 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 16, placing it in the bottom 16% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. ICON'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.

Iconic price is in a favorable position going forward. With support around $0.00453869345665563 and resistance set at $0.00470616993561972. 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.