Internet Computer (ICP) Down 0.02% Wednesday: What’s Next?

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 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!

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 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.