Is Internet Computer (ICP) Trending Lower or Higher Wednesday? – InvestorsObserver
Internet Computer receives an average long-term technical score of 53 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, ICP holds a superior long-term technical analysis score than 53% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.
Trading Analysis
The current trading price of $3.960000000 for ICP is -$0.6100000 (-13.43%) below the tokens 100-day moving average of $4.570000000. ICP meanwhile is $0.5700000 (-207.83%) above its 52-week low of $3.390000000 and -$33.78000000 (-16.02%) under its 52-week high price of $37.730000000. Internet Computer’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 53. The price movement and range of ICP suggest that investors are neutral on the token at this time. Internet Computer has a market capitalization of $1,104,709,688.30 and a relatively high average daily volume with $120,051,069.45 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ICP’s volume is below its seven day average with 27,370,566.09 exchanged. This token’s subclass Smart Contracts: A computer program designed to automatically execute when predetermined conditions are satisfied. Typically used to execute transactions quickly and automatically, with terms written directly into lines of code.
Summary
ICP’s historical trading over the past year gives it a an average long-term technical score of 53 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on Internet Computer (ICP).
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