Is Internet Computer (ICP) trending lower or higher on Monday?

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Monday, February 26, 2024 11:41 AM | Investors Observer Analyst

Is Internet Computer (ICP) trending lower or higher on Monday?

The long-term average technology score for Internet computers is 49 investor observerResearch based on historical trading patterns. The proprietary scoring system weighs recent months to a year’s price movement, analyzing a coin’s support and resistance levels, as well as its position relative to its long-term average, to determine whether it’s a strong buy-and-hold investment opportunities. Currently, ICP’s long-term technical analysis scores higher than 49% of circulating cryptocurrencies. This ranking metric is most useful for buy-and-hold investors looking for strong, steady growth when allocating assets. Tokens with higher long-term and short-term technical scores can help indicate that an asset has hit a bottom, providing investors with a “buy the dip” opportunity.

Long term technology – 49
investor observer Gives Internet Computer a long-term technology ranking of 49. Find out what this means to you and get the rest of the rankings on Computers on the Internet!

transaction analysis

ICP is currently trading at $1.287 billion, which is $2.88 million (28.84%) above the coin’s 100-day moving average of $999 million. Meanwhile, ICP is $10 million (65.20%) above the 52-week low of $286 million and $33.9 million (17.63%) below the 52-week high of $1.626 billion. Internet Computer’s current price relative to the coin’s long-term average and 52-week high and low gives the cryptocurrency an average long-term technical score of 49. ICP’s price action and range suggest that investors are currently bearish on the coin. Internet Computer’s total market capitalization is $5,912,398,313.01, and its average daily currency trading volume in a typical 24-hour period is as high as $876,856,295.65. As of the past 24 hours, ICP has seen below-average trading volume, with a total of $129,531,387.03 traded. Subcategories of this token Art, Collectibles, and Non-Fungible Tokens: A non-fungible token (NFT) is a unit of data stored on a digital ledger that uses blockchain technology to verify 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 used to buy, sell, or collect art or certain other digital goods.

generalize

ICP’s historical trading over the past year gives it an average Long-Term Technical Score of 49, as the price action at that time gave investors reason to be bearish on the coin over the long term. Click here for the full report on Internet Computing (ICP).

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