Internet Computer (ICP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Smart Contracts has declined 1.74% to $4.16.
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 this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
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 $3.94 and resistance near $4.26. This positions Internet Computer with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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