In this Internet Computer technical analysis, we will examine the current price action, trading volume, key levels and indicators for ICP-USDT. Internet Computer (ICP) is a decentralized blockchain network that enables the creation and deployment of scalable, secure, and interoperable applications. With its novel architecture and innovative features, ICP has gained significant attention in the crypto space for its potential to revolutionize the way we interact with the internet. By leveraging the power of blockchain technology, ICP aims to provide users with a more open, transparent, and secure online experience.
Internet Computer Price Overview:
As of December 05, 2023, Internet Computer is trading at approximately 5.129 USDT. Let’s dive into the detailed price action for ICP-USDT:
- Open (O): The opening price for today’s trading session was approximately 5.13 USDT.
- High (H): Internet Computer reached a daily high of around 5.2 USDT.
- Low (L): The daily low for ICP-USDT was approximately 4.902 USDT.
- Close (C): At the time of analysis, Internet Computer is trading near its daily close of 5.129 USDT.
|1D Change (%)||0.02%|
|3D Change (%)||6.08%|
|7D Change (%)||11.94%|
|30D Change (%)||26.33%|
|90D Change (%)||52.20%|
|YTD Change (%)||30.44%|
Over the past three days, ICPUSDT has risen by approximately 6.08%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 11.94%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ICPUSDT maintaining an upward trend of approximately 26.33%, despite intermittent fluctuations. Examining the last 90 days, ICPUSDT has witnessed substantial increase of approximately 52.20%, reflecting strong long-term confidence. Year-to-date, ICPUSDT has steadily appreciated by around 30.44%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
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 0.76444.
- Momentum score is 0.2633.
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 1,897,656.25 USDT traded against ICP. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 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 high zone, around 62.45395. This suggests that Internet Computer is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Internet Computer (ICP-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.
Embrace upward trends for Internet Computer (ICPUSDT) at 5.13 USDT as bullish technical analysis confirms robust support and promising indicators.
Unlock additional insights on ICP BTC Internet Computer Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.
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.