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

Wednesday, July 26, 2023 12:49 PM | InvestorsObserver Analysts

Internet Computer receives an average long-term technical score of 39 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 39% 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.

InvestorsObserver is giving Internet Computer a 39 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 -$0.7200000 (-15.16%) below its 100-day moving average price of $4.760000000 as its price at the moment sits at $4.040000000. Additionally, ICP is $0.6700000 (-206.57%) higher than its 52-week low price of $3.370000000 while -$5.73000000 (-61.01%) under its 52-week high of $9.770000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives ICP an average long-term technical score of 39. Long-term trading movement of Internet Computer suggest that investors are bearish on the token at the moment. Internet Computer currently has a total market cap of $1,774,715,426.52 to go along with its average daily volume of $103,531,733.89 worth of the currency over the past seven days. ICP's volume is below its seven day average as of the past 24 hours, with 14,011,001.83 exchanged in that period. 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

Trading patterns over the last year for Internet Computer leads to the token's an average long-term technical score of 39 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on Internet Computer (ICP).