Is Zap (ZAP) Trending Lower or Higher Wednesday?

Wednesday, March 27, 2024 07:08 PM | InvestorsObserver Analysts

Zap receives an average long-term technical score of 55 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, ZAP holds a superior long-term technical analysis score than 55% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Zap a 55 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Zap!

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Trading Analysis

Zap's price is $0.0031534 (82.11%) above its 100-day moving average price of $0.003840307 as its price at the moment sits at $0.006993720. Additionally, ZAP is $0.0058504 (-961527.04%) higher than its 52-week low price of $0.001143286 while -$0.00561236 (-79271.32%) under its 52-week high of $0.012606080. The current trading price in relation to its long-term average along with its 52-week high and low, gives ZAP an average long-term technical score of 55. Long-term trading movement of Zap suggest that investors are neutral on the token at the moment. Zap has a market capitalization of $1,651,528.20 and a relatively low average daily volume with $37,822.61 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ZAP's volume is below its seven day average with 5,887.62 exchanged. This token's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Trading patterns over the last year for Zap leads to the token's an average long-term technical score of 55 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 Zap (ZAP).