Internet Computer (ICP) Down 0.1% Monday: What's Next?

Monday, June 05, 2023 12:39 PM | InvestorsObserver Analysts

Internet Computer (ICP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Art, Collectibles and Non-Fungible Tokens has declined 10.44% to $4.3.

InvestorsObserver is giving Internet Computer a 37 Volatility Rank. Find out what this means to you and get the rest of the rankings on Internet Computer!

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Moderately Volatile

InvestorsObserver gives Internet Computer a moderate volatility rank of 37, placing it in the bottom 37% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ICP's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Internet Computer price is trading above resistance. With support near $4.15 and resistance set at $4.25. This positions Internet Computer out of range and potentially in a volatile position if the rally burns out.