Internet Computer (ICP) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Distributed Software Platform has increased 7.76% to $32.48.
InvestorsObserver is giving Internet Computer a 24 Volatility Rank. Find out what this means to you and get the rest of the rankings on Internet Computer!
Low Volatility
InvestorsObserver gives Internet Computer a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ICP's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Internet Computer price is trading near resistance. With support around $27.54 and resistance at $32.5. This positions Internet Computer with potential selling pressures ahead as it may be getting over extended.