Iconic (ICON) Falls 0.03%, Outperforms the Crypto Market Wednesday

Wednesday, December 29, 2021 07:29 PM | InvestorsObserver Analysts

Iconic (ICON) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has lost 3.34% to $0.004623695515.

InvestorsObserver is giving Iconic a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on Iconic!

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Moderately Volatile

InvestorsObserver gives Iconic a moderate volatility rank of 27, placing it in the bottom 27% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. ICON's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Iconic price is trading near resistance. With support around $0.00445894502013845 and resistance set at $0.00465076999649329. This positions Iconic with potential selling pressures ahead as it may be getting over extended.

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.