Internet Computer (ICP) Falls 0.09%, Underperforms the Crypto Market Thursday

Thursday, March 28, 2024 07:21 AM | InvestorsObserver Analysts

Internet Computer (ICP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Art, Collectibles and Non-Fungible Tokens has fallen 8.5% to $17.73.

InvestorsObserver is giving Internet Computer a 41 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 41, placing it in the bottom 41% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. 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 in a favorable position going forward. With support set at $16.1 and resistance set at $18.74. This positions Internet Computer with room to run before facing selling pressures.