Internet Computer (ICP) Falls 0.04%, Underperforms the Crypto Market Wednesday

Wednesday, May 31, 2023 11:17 AM | InvestorsObserver Analysts

Internet Computer (ICP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Art, Collectibles and Non-Fungible Tokens has lost 3.51% to $4.68.

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 analyzes which means that one day won't define its volatility rank - a trend will. 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 near resistance. With support set at $4.58 and resistance at $4.71. This positions Internet Computer with potential selling pressures ahead as it may be getting over extended.