Tap (XTP) Falls 0%, Underperforms the Crypto Market Monday

Monday, September 05, 2022 12:58 PM | InvestorsObserver Analysts

Tap (XTP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has dropped 0.01% to $0.0002500007847.

InvestorsObserver is giving Tap a 35 Volatility Rank. Find out what this means to you and get the rest of the rankings on Tap!

Moderately Volatile

InvestorsObserver gives Tap a moderate volatility rank of 35, placing it in the bottom 35% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. XTP's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Tap price is trading near resistance. With support set at $0.000249971231000683 and resistance set at $0.000250002837760559. This positions Tap with potential selling pressures ahead as it may be getting over extended.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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