Is Tap (XTP) Heading the Right Direction Saturday?

Saturday, April 23, 2022 11:30 AM | InvestorsObserver Analysts

Tap receives a strong long-term technical score of 98 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. XTP currently holds a superior long-term technical analysis score than 98% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Tap a 98 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tap!

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Trading Analysis

XTP is currently $0.0001395 (18.25%) above its 100-day moving average price of $0.000764451 with its current price of $0.000903995. Meanwhile, Tap is $0.0006039 (-3665031.12%) above its 52-week low price of $0.000300109 and -$0.00563015 (-153028.26%) below its 52-week high of $0.006534150. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 98. Trends for the long-term trading history of Tap suggest that traders are currently neutral on the token. Tap has a market capitalization of $1,113,641.61 and a relatively low average daily volume with $37,106.35 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, XTP's volume is below its seven day average with 4,084.25 exchanged.

Summary

Trading patterns over the last year for Tap leads to the token's a strong long-term technical score of 98 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Tap (XTP).