Internet Computer receives a long-term technical rating of 94 InvestorsObserver: analysis. Our proprietary scoring system takes into account trading patterns over the past few months to a year, analyzing a 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 higher long-term technical analysis score than 94% of cryptocurrencies. Long-term investors who employ a buy-and-hold strategy will find the long-term rating particularly important in their asset allocation and may find additional value in cyptos with a high short-term technical score to detect signs that a bottom has been reached.
ICP is currently $0.7600000 (17.40%) above its 100 day moving average price of $4.390000000 and the current price is $5.160000000. Meanwhile, Internet Computer is $1.7700000 (-172.46%) above its 52-week low of $3.390000000 and -$28.79000000 (-14.27%) below its 52-week high of $33.95000000. The current price relative to its moving average and 52-week high and low results in a strong long-term technical estimate of 94. Internet Computer’s long-term trading history trends suggest that traders are currently neutral on the sign. Internet Computer has a total market capitalization of $1,463,376,112.40 and an average daily high volume of $341,405,768.29 traded in a typical 24 hour period. As of the last 24 hours, ICP’s volume is below average, with a total of $78,425,252.10 exchanged. A subclass of this token is Smart Contracts. A computer program designed to run automatically when predetermined conditions are met. Typically used to perform transactions quickly and automatically with terms written directly in lines of code.
ICP’s historical trading over the past year gives it a long-term technical score of 94, as its price action over that period has given investors reason to be long-term neutral. Click here for the full report on Internet Computing (ICP).
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