Internet Computer (ICP), Moderate Volatility and Rising Thursday: Is it Time to Cash Out? – InvestorsObserver
Internet Computer (ICP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Smart Contracts has gained 0.76% to $4.01.
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 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 pairs 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 favorably positioned going forward. With support at $3.84 and resistance around $4.07. This leaves 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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