Internet Computer (ICP) Up 31.44% Sunday: What's Next?

Sunday, December 31, 2023 06:19 AM | InvestorsObserver Analysts

Internet Computer (ICP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Art, Collectibles and Non-Fungible Tokens has increased 31.44% to $13.3.

InvestorsObserver is giving Internet Computer a 47 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 47, placing it in the bottom 47% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. ICP's moderate volatility reading comes 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 above resistance. With support near $8.82 and resistance near $11.99. This positions Internet Computer out of range and potentially in a volatile position if the rally burns out.