Is Swap (XWP) Trending Lower or Higher Thursday?

Thursday, October 06, 2022 02:45 PM | InvestorsObserver Analysts

InvestorsObserver gives Swap a strong short-term technical score of 85 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. XWP has currently traded better than 85% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Swap a 85 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Swap!

See Full Report

Trading Analysis

Swap is $0.004802 (114.71%) above its 30-day low of $0.004186060 while -$0.003818 (-29.81%) below its 30-day high of $0.01280592. In addition, XWP's current price of $0.008987858 is above its 30-day moving average price of $0.008286225, leading to a strong short-term technical score. Overall the recent trading history of Swap suggest that investors are bullish on the coin at the moment. XWP has a relatively low market cap for a coin with a total market value of $142,063.97. Swap's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Swap's average volume meanwhile is low with $1,340.84 worth of the coin traded over a typical 24 hour period. XWP's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. As of the past 24 hours, XWP's volume is below its average with $180.49 exchanged. Swap's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

XWP's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the coin in the short-term. Click Here to get the full Report on Swap (XWP).