ILCOIN (ILC) Falls 0.32%, Underperforms the Crypto Market Sunday

Sunday, July 17, 2022 04:00 PM | InvestorsObserver Analysts

ILCOIN (ILC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Digital Money has dropped 31.59% to $0.004994027181.

InvestorsObserver is giving ILCOIN a 90 Volatility Rank. Find out what this means to you and get the rest of the rankings on ILCOIN!

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Highly Volatile

InvestorsObserver gives ILCOIN a high volatility rank of 90, placing it in the top 10% of cryptos on the market.

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

ILCOIN price is in a favorable position going forward. With support near $0.00374283892979345 and resistance set at $0.00629387954195461. This positions ILCOIN 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.