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Iconic (ICON) Rises 0.09%, Outperforms the Crypto Market Sunday

Sunday, January 09, 2022 08:26 AM | InvestorsObserver Analysts
Iconic (ICON) Rises 0.09%, Outperforms the Crypto Market Sunday

Iconic (ICON) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has increased 0.09% to $0.004185246628.

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

The Volatility Gauge takes into account 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 well positioned going forward. With support around $0.00409150930613554 and resistance near $0.00424717568353093. 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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