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

Wednesday, August 10, 2022 10:55 AM | InvestorsObserver Analysts

Ixcoin (IXC) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has increased 4.06% to $0.03377058942.

InvestorsObserver is giving Ixcoin a 92 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 92, placing it in the top 8% of cryptos on the market.

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

Ixcoin price is trading above resistance. With support near $0.0319692870988492 and resistance at $0.0332571311308984. This positions Ixcoin 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.