Iconic (ICON) drops 0.02% and underperforms the crypto market on Sunday

Iconic (ICON) has been relatively less volatile than the crypto market. So far on Sunday, the crypto is down 1.58% to $0.007988914317.

InvestorsObserver gives Iconic a volatility rank of 17. Find out what this means for you and get the rest of the ranking on Iconic!

Low volatility

InvestorsObserver gives Iconic a low volatility rank of 17, placing it in the bottom 17% of cryptos on the market.

The Volatility Gauge analyzes which means a day will neither make nor break its rank. ICON’s low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning the coin has relatively narrow price swings and is well protected against price manipulation.

The iconic price is trading near resistance. With support around 0.00777958901306166 and resistance near 0.00804926929702534. This leaves Iconic with potential selling pressures as it could be too long.

What is a room?

A coin is a cryptocurrency that exists on its own blockchain. these are usually used for payments. Depending on the cryptocurrency, the use of these payments can vary from general use in the digital currency subclass to more specific uses in certain other subclasses.

Stay in the know

Subscribe to our daily morning update newsletter and never miss market news, moves and more.

Thank you for signing up! You are ready to receive the Morning Update newsletter

#Iconic #ICON #drops #underperforms #crypto #market #Sunday #Crypto

Related Articles

Back to top button