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Internet Computer (ICP) Receives a Neutral Rating Monday: Is it Time to Get on Board?

Monday, August 08, 2022 07:03 AM | InvestorsObserver Analysts
Internet Computer (ICP) Receives a Neutral Rating Monday: Is it Time to Get on Board?

Internet Computer (ICP) gets a neutral rating from InvestorsObserver Monday. The coin is up 3.96% to $8.5 while the broader crypto market is up 4.15%.

Sentiment Score - ,
Internet Computer has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Internet Computer!

Neutral

Over the last five days, Internet Computer has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Internet Computer over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Internet Computer is currently trading near its five-day high of $8.6485538482666. The coin is 1.72% off its five-day high and is 13.21% higher than its five-day low of $7.51.

Internet Computer price is currently above resistance. With support set around $8.08 and resistance at $8.31, Internet Computer is potentially in a volatile position if the rally burns out.

Internet Computer has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Internet Computer

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