ILCOIN (ILC), High Volatility and Rising Monday: Is it Time to Cash Out?

Monday, February 07, 2022 08:07 AM | InvestorsObserver Analysts

ILCOIN (ILC) has been relatively more volatile compared to the crypto market. So far Monday, the Digital Money has gained 43.84% to $0.004684271471.

InvestorsObserver is giving ILCOIN a 85 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 85, placing it in the top 15% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. ILC's high volatility reading pairs 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 trading above resistance. With support near $0.00284060725613386 and resistance around $0.00368811312734039. This positions ILCOIN 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.