Internet Computer (ICP) Falls 0.02%, Underperforms the Crypto Market Tuesday

Tuesday, August 01, 2023 02:34 PM | InvestorsObserver Analysts

Internet Computer (ICP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Art, Collectibles and Non-Fungible Tokens has fallen 1.83% to $4.18.

InvestorsObserver is giving Internet Computer a 36 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 36, placing it in the bottom 36% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. ICP's moderate volatility reading comes 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 near resistance. With support at $4.09 and resistance at $4.2. This leaves Internet Computer with potential selling pressures ahead as it may be getting over extended.