Iconic (ICON) Surges 8.21%, Outperforms Crypto Market on Tuesday
Iconic (ICON) has been relatively average in terms of volatility compared to other cryptocurrencies. So far on Tuesday, the crypto is up 8.21% to $0.009425808613.
InvestorsObserver gives Iconic a moderate volatility ranking of 27, placing it in the bottom 27% of cryptos on the market.
The Volatility Gauge takes into account that means the ranking represents its recent trends and isn’t too influenced by a sudden spike – or two – in volatility. ICON’s Moderate Volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning the coin has moderate price swings and is well protected against price manipulation.
The iconic price is trading above the resistance. With support at 0.0083308936141044 and resistance set at 0.00938739432465137. This leaves Iconic out of reach and potentially in a volatile position if the rally fizzles out.
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.