Should You Buy Tap (XTP) Monday?

Monday, June 13, 2022 06:51 AM | InvestorsObserver Analysts

Tap receives a strong short-term technical score of 96 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. XTP holds a better recent technical analysis than 96% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Tap a 96 Short-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

Tap is $0.000131 (45.38%) above its 30-day low of $0.000288418 while -$0.000217 (-34.08%) below its 30-day high of $0.00063606. In addition, XTP's current price of $0.000419288 is under its 30-day moving average price of $0.000473188, leading to a strong short-term technical score. Overall the recent trading history of Tap suggest that investors are bullish on the token at the moment. Tap's market cap of $516,525.55 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 $5,415.65 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 $734.81 exchanged.

Summary

Tap's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Tap (XTP).