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.
Trade analysis
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.
Summary:
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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