This analysis of the Internet Computer (ICP) market will delve into the current price action, trading volume, key levels, and indicators for ICP-USDT. The decentralized blockchain network enables the creation and deployment of scalable, secure, and interoperable applications, garnering significant attention in the crypto space for its potential to transform online interactions. By harnessing the power of blockchain technology, Internet Computer aims to provide users with a more open, transparent, and secure online experience.
Internet Computer Price Overview:
As of July 19, 2024, Internet Computer is trading at approximately 9.42 USDT. Let’s dive into the detailed price action for ICP-USDT:
| Metric | Value |
|---|---|
| Open (O) | 9.674 |
| High (H) | 9.713 |
| Low (L) | 9.339 |
| Close (C) | 9.42 |
| Volume (C) | 561,921.92 |
- Open (O): The opening price for today’s trading session was approximately 9.674 USDT.
- High (H): Internet Computer reached a daily high of around 9.713 USDT.
- Low (L): The daily low for ICP-USDT was approximately 9.339 USDT.
- Close (C): At the time of analysis, Internet Computer is trading near its daily close of 9.42 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.63% |
| 3D Change (%) | -2.21% |
| 7D Change (%) | 28.69% |
| 30D Change (%) | 12.41% |
| 90D Change (%) | -39.35% |
| YTD Change (%) | -29.15% |
Over the past three days, ICPUSDT has experienced a decline of approximately -2.21%, indicating increased market volatility. Prior to this recent downturn, the cryptocurrency had been on an upward trajectory throughout the week, with gains of around 28.69%, suggesting strong investor interest. A 30-day analysis provides a more comprehensive view, revealing that ICPUSDT has maintained an overall upward trend of approximately 12.41%, despite occasional fluctuations. Looking back at the last 90 days, ICPUSDT has witnessed a significant decline of around -39.35%, reflecting a loss of long-term confidence. Year-to-date, ICPUSDT has steadily decreased by approximately -29.15%.
Internet Computer Live Chart:
You can access a live price chart for ICP-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 1.02661.
- Momentum score is 0.19195.
ICP USDT Technical Analysis
Internet Computer Trading Volume:
The trading volume for Internet Computer (ICP) over the past 24 hours has been insignificant, with approximately 561,921.92 USDT traded against ICP. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ICP is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Internet Computer is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ICP-USDT is currently in the neutral zone, around 49.68562. This suggests that Internet Computer is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
The Internet Computer (ICP-USDT) is currently displaying short-term bullish momentum, with key support and resistance levels garnering attention. Traders and investors should closely monitor both the USDT monthly resistance level and the USDT support level for potential trading opportunities. Furthermore, the neutral RSI reading and insignificant trading volume are indicative of a neutral signal, suggesting a possible sideways movement.
Receive signals of growth for Internet Computer (ICPUSDT) at 9.42 USDT through positive technical analysis, backed by strong support and promising indicators.
Don’t skip our thorough exploration of ICP BTC Internet Computer Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.