ICP Price Performance and Relative Strength

Internet Computer ICP

Current Price

$2.48 +0.38%

$0.1000 Daily Range (4.03%)

$2.46$2.56

$44.48M Daily Volume

569 BTC

Vol/MktCap: 3.25%

Oversold

HTF: 47 (Neutral)

Market Performance

-2.16% 0.00003173 BTC

-1.56% 0.0010 ETH

+0.38% 2.48 USDT

+0.70% 1.75 XRP

-0.56% 0.0039 BNB

0.09% Relative BTC Volume

The total volume of Internet Computer is $44.48M over the past 24 hours, compared to $51.60B total Bitcoin volume.

Hourly Moving Average

8 SMA $2.52 -1.73%

13 SMA $2.53 -2.11%

21 SMA $2.53 -2.09%

55 SMA $2.49 -0.44%

144 SMA $2.51 -1.29%

-0.50% 1 Hour Change

$2.48 from $2.49

-1.24% 7 Day Change

-$0.0308 from $2.51

+1.91% 14 Day Change

$0.0473 from $2.43

+2.74% 30 Day Change

$0.0680 from $2.41

May 10, 2021

$700.65 -99.65%

-$698.16 vs. now

$1.37B Market Cap

17,502 BTC

24H Change

5.56M USD +0.41%

71 BTC

Total Supply: 551.92M ICP

551.92M ICP Available

100.00% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.

Relative Supply Ratio

27.57 x BTC Supply

28:1 supply ratio

RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.

Relative Trade Volume

17.72M ICP traded over past 24 hours

3.21% of circulating supply A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.

Markets and Insights

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Internet Computer AI Market Analysis

The current price of Internet Computer (ICP) is $2.54, reflecting a 4.16% increase over the last 24 hours. The daily trading range has been tight, with a high of $2.56 and a low of $2.41, indicating a stable market sentiment.

The trading volume stands at approximately 44.7 million, contributing to a volume-to-market cap ratio of 3.19%. This suggests moderate trading activity relative to its overall market capitalization, which is a healthy sign for liquidity.

In terms of moving averages, the 8-period and 13-period simple moving averages (SMAs) are showing slight declines at -0.33% and -0.16%, respectively. Conversely, longer-term SMAs like the 21 SMA and 55 SMA are gaining traction, with increases of +0.91% and +2.30%, indicating potential upward momentum in the longer timeframe.

The 1-hour Relative Strength Index (RSI) is currently at 66, approaching the overbought territory, suggesting short-term bullish sentiment. However, the 7-day RSI is at 47, reflecting a more neutral outlook over the past week, which may indicate consolidation in the near term.

Price changes over the past periods show a 2.71% increase over the last week, a minimal rise of 0.10% over the past two weeks, and a more significant increase of 6.09% over the past month. This trend suggests a slow but steady upward trajectory, as ICP continues to recover from its historical lows.

Despite the significant all-time high of $700.65 in May 2021, current prices reflect a stark decline, making ICP a potential candidate for speculative investment. Given the mixed signals from the technical indicators, particularly the strong short-term RSI and moderate long-term SMA trends, market participants should proceed with caution.

Overall, given the current technical indicators, ICP presents a more favorable outlook for short-term traders but carries risks due to its overall volatility and historical decline. Therefore, a Hold rating is recommended for current investors while observing market movements closely for potential buying opportunities if prices stabilize further.

Updated 386 minutes ago.