Ixcoin (IXC) Down 0.01% Sunday: What's Next?

Sunday, July 31, 2022 07:54 AM | InvestorsObserver Analysts

Ixcoin (IXC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has fallen 0.75% to $0.03640873716.

InvestorsObserver is giving Ixcoin a 96 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ixcoin!

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Highly Volatile

InvestorsObserver gives Ixcoin a high volatility rank of 96, placing it in the top 4% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. IXC'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.

Ixcoin price is favorably positioned going forward. With support at $0.0356119055398378 and resistance near $0.0371297750719461. This leaves Ixcoin 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.