Ixcoin (IXC), High Volatility and Falling Saturday: Is it Time to Cash Out?

Saturday, June 18, 2022 04:20 PM | InvestorsObserver Analysts

Ixcoin (IXC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has lost 67.88% to $0.0082274071.

InvestorsObserver is giving Ixcoin a 95 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 95, placing it in the top 5% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. IXC's high volatility reading is coupled 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 trading near support. With support around $0.00499180217107198 and resistance around $0.0252414259763565. This leaves Ixcoin space to rally before hitting resistance.

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.