Internet Computer (ICP): How Does the Chart Look Friday?

Friday, June 09, 2023 01:13 PM | InvestorsObserver Analysts

InvestorsObserver gives Internet Computer an average long-term technical score of 47 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. ICP at this time has a superior long-term technical analysis score than 47% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving Internet Computer a 47 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

The current trading price of $4.260000000 for ICP is -$1.0200000 (-19.26%) below the tokens 100-day moving average of $5.280000000. ICP meanwhile is $0.8700000 (-198.83%) above its 52-week low of $3.390000000 and -$5.51000000 (-58.75%) 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 an average long-term technical score of 47. The price movement and range of ICP suggest that investors are bearish on the token at this time. Internet Computer currently has a total market cap of $1,860,266,822.67 to go along with its average daily volume of $122,544,153.67 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 16,469,253.49 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

Technical analysis of Internet Computer over the past year results in the crypto receiving a an average long-term technical score of 47 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on Internet Computer (ICP).