ImageCoin (IMG) Falls 0.32%, Underperforms the Crypto Market Saturday

Saturday, April 30, 2022 02:58 PM | InvestorsObserver Analysts

ImageCoin (IMG) has been relatively more volatile compared to the crypto market. So far Saturday, the crypto has declined 31.95% to $0.003042336268.

InvestorsObserver is giving ImageCoin a 87 Volatility Rank. Find out what this means to you and get the rest of the rankings on ImageCoin!

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Highly Volatile

InvestorsObserver gives ImageCoin a high volatility rank of 87, placing it in the top 13% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. IMG'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.

ImageCoin price is well positioned going forward. With support at $0.000388391867504168 and resistance set at $0.00653662331610982. This positions ImageCoin 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.