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Is Tap (XTP) Heading the Right Direction Monday?

Monday, September 19, 2022 04:27 PM | InvestorsObserver Analysts
Is Tap (XTP) Heading the Right Direction Monday?

Tap receives a strong short-term technical ranking of 75 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. XTP has a superior recent technical analysis than 75% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short-Term Technical - 75
InvestorsObserver is giving Tap a 75 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tap!

Trading Analysis

XTP is currently $0.000175 (97.30%) above its 30-day low of $0.000179995 and -$0.000083 (-18.94%) below its 30-day high of $0.00043812. Additionally, XTP is above its average price of $0.000280132 over the past month of trading with its current price of $0.000355132. Overall, the recent trading history of Tap suggest that traders are currently bullish on the token.
Tap's market cap of $437,490.99 is relatively low for a token. Tap'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. Meanwhile, XTP's average volume is low with $632.91 worth of the token traded over an average 24 hour period. XTP'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. Over the last 24 hours, XTP's volume is below its usual with $98.41 exchanged.

Summary

XTP'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 token in the short-term. Click Here to get the full Report on Tap (XTP).

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