Internet Computer (ICP): How Does it Rank Thursday on Long-Term Trading Metrics?

Thursday, August 04, 2022 06:27 AM | InvestorsObserver Analysts

Internet Computer receives a strong long-term technical score of 77 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin'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 77% 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 coins that have bottomed out.

InvestorsObserver is giving Internet Computer a 77 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Internet Computer!

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Trading Analysis

Internet Computer's price is $0.1900000 (2.35%) above its 100-day moving average price of $7.870000000 as its price at the moment sits at $8.060000000. Additionally, ICP is $3.3900000 (-63.10%) higher than its 52-week low price of $4.670000000 while -$78.80000000 (-2.24%) under its 52-week high of $86.860000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives ICP a strong long-term technical score of 77. Long-term trading movement of Internet Computer suggest that investors are neutral on the coin at the moment. Internet Computer has a market capitalization of $2,012,057,678.21 and a relatively high average daily volume with $602,779,968.59 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 98,460,080.23 exchanged. This coin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

ICP's historical trading over the past year gives it a a strong long-term technical score of 77 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on Internet Computer (ICP).