What do the Long-Term Technicals Predict for Internet Computer (ICP) Wednesday?

Wednesday, June 14, 2023 02:10 PM | InvestorsObserver Analysts

Internet Computer receives a strong long-term technical score of 71 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 71% 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 71 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 -$1.2000000 (-23.13%) below its 100-day moving average price of $5.180000000 with its current price of $3.980000000. Meanwhile, Internet Computer is $0.6200000 (-208.24%) above its 52-week low price of $3.370000000 and -$5.78000000 (-61.58%) below its 52-week high of $9.770000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 71. Trends for the long-term trading history of Internet Computer suggest that traders are currently neutral on the token. Internet Computer currently has a total market cap of $1,739,428,487.87 to go along with its average daily volume of $191,682,118.60 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 17,915,245.10 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 a strong long-term technical score of 71 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Internet Computer (ICP).