Tap (XTP): Does it Score Poorly on Long-Term Trading Metrics Friday?

Friday, December 09, 2022 08:00 PM | InvestorsObserver Analysts

Tap receives a weak long-term technical score of 26 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, XTP holds a superior long-term technical analysis score than 26% 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 Tap a 26 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 $0.000227682 for XTP is -$0.0000580 (-20.30%) below the tokens 100-day moving average of $0.000285682. XTP meanwhile is $0.0000677 (-6877765.33%) above its 52-week low of $0.000159932 and -$0.00116960 (-715656.17%) under its 52-week high price of $0.001397287. Tap's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 26. The price movement and range of XTP suggest that investors are bearish on the token at this time. Tap has a total market value of $280,484.29 with an low average daily volume of $4,516.06 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, XTP's volume is below its average with $596.13 exchanged in total.

Summary

XTP's historical trading over the past year gives it a a weak long-term technical score of 26 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on Tap (XTP).