Is Tap (XTP) Heading the Wrong Direction Monday?

Tap receives a strong short-term technical ranking of 77 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 77% 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.

InvestorsObserver is giving Tap a 77 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tap!

See Full Report

Trading Analysis

Tap is $0.000420 (105.67%) higher than its 30-day low price of $0.000397939 while also -$0.000579 (-41.43%) lower than its high of $0.00139729 from the past month of trading. Meanwhile, XTP's current price of $0.000818425 is above its average price of $0.000706845 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Tap suggest that traders are currently bullish on the token. XTP has a relatively low market cap for a token with a total market value of $1,008,227.06. 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. Tap's average volume meanwhile is low with $4,099.42 worth of the token traded over a typical 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. As of the past 24 hours, XTP's volume is below its average with $1,295.32 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).