cryptocurrency

Iconic (ICON): Does it Score Well on Short-Term Trading Metrics Saturday? – InvestorsObserver


Iconic receives a weak short-term technical ranking of 5 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. ICON has a superior recent technical analysis than 5% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short-Term Technical - 5
InvestorsObserver is giving Iconic a 5 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Iconic!

Trading Analysis

Iconic is $0.000113 (2.46%) higher than its 30-day low price of $0.004581995 while also -$0.011453 (-70.93%) lower than its high of $0.01614751 from the past month of trading. Meanwhile, ICON’s current price of $0.004694716 is under its average price of $0.011058901 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Iconic suggest that traders are currently bearish on the coin.

Currently, volume and market capitalization data for ICON are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find coins such as Iconic extra intriguing.

Summary

ICON’s recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term.

Click Here to get the full Report on Iconic (ICON).



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