Internet Computer (ICP) Rises 0.95%, Underperforms the Crypto Market Friday

Friday, May 26, 2023 10:20 AM | InvestorsObserver Analysts

Internet Computer (ICP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Art, Collectibles and Non-Fungible Tokens has gained 0.95% to $4.88.

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 follows which means that one day won't define its volatility rank - a trend will. ICP's moderate volatility reading is paired 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 $4.75 and resistance near $4.9. This positions Internet Computer with potential selling pressures ahead as it may be getting over extended.