Internet Computer (ICP) Falls 0.08%, Underperforms the Crypto Market Wednesday

Wednesday, September 14, 2022 06:39 AM | InvestorsObserver Analysts

Internet Computer (ICP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Distributed Computing has fallen 8.39% to $6.39.

InvestorsObserver is giving Internet Computer a 45 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 45, placing it in the bottom 45% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. 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 at $5.82 and resistance at $6.53. This leaves Internet Computer with potential selling pressures ahead as it may be getting over extended.