Should You Sell Tap (XTP) Sunday?

Sunday, May 15, 2022 06:59 PM | InvestorsObserver Analysts

Tap receives a strong long-term technical score of 85 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 85% 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 85 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

The current trading price of $0.000622971 for XTP is -$0.0001280 (-17.04%) below the tokens 100-day moving average of $0.000750952. XTP meanwhile is $0.0003518 (-4056849.75%) above its 52-week low of $0.000271131 and -$0.00591118 (-153032.56%) under its 52-week high price of $0.006534150. Tap's current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 85. The price movement and range of XTP suggest that investors are neutral on the token at this time. Tap has a market capitalization of $767,444.93 and a relatively low average daily volume with $30,461.55 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 4,056.38 exchanged.

Summary

XTP's historical trading over the past year gives it a a strong long-term technical score of 85 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).