Is Internet Computer (ICP) Heading the Right Direction Monday?

Monday, July 11, 2022 09:16 AM | InvestorsObserver Analysts

Internet Computer receives an average long-term technical score of 48 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 48% 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 48 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

ICP is currently -$3.6700000 (-35.11%) below its 100-day moving average price of $10.460000000 with its current price of $6.790000000. Meanwhile, Internet Computer is $2.1200000 (-90.22%) above its 52-week low price of $4.670000000 and -$80.07000000 (-3.70%) below its 52-week high of $86.860000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 48. Trends for the long-term trading history of Internet Computer suggest that traders are currently bearish on the coin. Internet Computer currently has a total market cap of $1,668,586,189.40 to go along with its average daily volume of $721,604,238.66 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 104,232,313.91 exchanged in that period. 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

Technical analysis of Internet Computer over the past year results in the crypto receiving a an average long-term technical score of 48 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on Internet Computer (ICP).