Is Tap (XTP) Heading the Right Direction Thursday?

Thursday, May 05, 2022 06:25 AM | InvestorsObserver Analysts

Tap receives a strong long-term technical score of 97 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 97% 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 97 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tap!

See Full Report

Trading Analysis

XTP is currently $0.0000279 (3.66%) above its 100-day moving average price of $0.000762561 with its current price of $0.000790482. Meanwhile, Tap is $0.0004904 (-3665068.94%) above its 52-week low price of $0.000300109 and -$0.00574367 (-153030.00%) 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 97. Trends for the long-term trading history of Tap suggest that traders are currently neutral on the token. Tap currently has a total market cap of $973,803.78 to go along with its average daily volume of $38,741.98 worth of the currency over the past seven days. XTP's volume is below its seven day average as of the past 24 hours, with 548.55 exchanged in that period.

Summary

XTP's historical trading over the past year gives it a a strong long-term technical score of 97 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on Tap (XTP).