Table of Contents
Internet Computer receives a strong long-term technical score of 69 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
ICP currently holds a superior long-term technical analysis score than 69% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
The current trading price of $4.160000000 for ICP is -$0.7100000 (-14.58%) below the tokens 100-day moving average of $4.870000000. ICP meanwhile is $0.7900000 (-202.97%) above its 52-week low of $3.370000000 and -$5.61000000 (-59.77%) under its 52-week high price of $9.770000000. Internet Computer’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 69. The price movement and range of ICP suggest that investors are neutral on the token at this time.
Internet Computer has a total market value of $1,826,917,682.08 with an high average daily volume of $99,657,204.98 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ICP’s volume is below its average with $12,977,061.55 exchanged in total.
This token’s subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.
Summary
ICP’s historical trading over the past year gives it a a strong long-term technical score of 69 as its price movement in that time has given investors reason to be neutral on the token in the long-term.
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