Is Internet Computer (ICP) Heading the Right Direction Saturday?
Internet Computer receives an average long-term technical score of 63 from Investor Observer analysis. Our proprietary scoring system looks at trading patterns over the past few months to a year by analyzing the token’s consistency, volatility and where it is relative to long-term averages to determine if it is a strong buy-and-hold investment opportunity. Currently, ICP has a better long-term technical analysis score than 63% of kritpo currencies. Long-term investors using a buy-and-hold strategy will find the long-term ranking particularly relevant when allocating their assets and may find additional value in finding siptos with a high short-term technical score to discover tokens that have bottomed out .
Trade analysis
ICP is currently -$0.8400000 (-16.02%) below its 100 day moving average price of $5.210000000 with its current price of $4.380000000. Meanwhile, Internet Computer is $0.8600000 (-188.00%) above its 52-week low price of $3.520000000 and -$33.35000000 (-14.90%) below its 52-week high of $37.730000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 63. Trends for the long-term trading history of Internet Computer indicate that traders are currently neutral on the sign. Internet Computer currently has a total market cap of $1,218,606,670.39 to go along with its average daily volume of $131,648,124.18 of the currency over the past seven days. IKP’s volume is below its seven-day average over the past 24 hours, with 16,995,014.36 exchanged in that period. This token’s subclass Smart Contracts: A computer program designed to execute automatically when predetermined conditions are satisfied. Typically used to execute transactions quickly and automatically, with terms written directly into lines of code.
Summary
Technical analysis by Internet Computer over the past year has resulted in the crypto receiving an average long-term technical score of 63, as its price movement during 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 Computing (ICP).
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