Iconic (ICON) drops 0.01% and outperforms the crypto market on Friday
Iconic (ICON) has been relatively less volatile than the crypto market. So far on Friday, the crypto has fallen 1.48% to $0.006993459756.
InvestorsObserver gives Iconic a low volatility rank of 18, placing it in the bottom 18% of cryptos in the market.
The Volatility Gauge analysis makes its score defined by recent trends, rather than a bad day. 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 well positioned for the future. With support around 0.00673397992789202 and resistance pegged at 0.00730490162088924. This gives Iconic some breathing room before it faces selling pressure.
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.
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