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

Wednesday, May 10, 2023 06:17 AM | InvestorsObserver Analysts

Internet Computer receives a strong long-term technical score of 90 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 90% 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 90 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 $5.260000000 for ICP is -$0.3500000 (-6.30%) below the tokens 100-day moving average of $5.620000000. ICP meanwhile is $1.8700000 (-169.27%) above its 52-week low of $3.390000000 and -$6.33000000 (-40.84%) under its 52-week high price of $11.600000000. 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 90. The price movement and range of ICP suggest that investors are neutral on the token at this time. Internet Computer currently has a total market cap of $2,294,366,108.09 to go along with its average daily volume of $205,373,088.28 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 26,358,568.28 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

ICP's historical trading over the past year gives it a a strong long-term technical score of 90 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).