Iconic (ICON) Rises 4.28%, Outperforms the Crypto Market Wednesday

Wednesday, March 16, 2022 04:41 PM | 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 advanced 4.28% to $0.007421612796.

InvestorsObserver is giving Iconic a 20 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 20, placing it in the bottom 20% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 trading above resistance. With support near $0.00695421774070281 and resistance around $0.00722141279037613. This leaves Iconic out of range and potentially in a volatile position if the rally burns out.

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.