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

Monday, May 23, 2022 08:15 AM | InvestorsObserver Analysts

Tap receives a strong long-term technical score of 80 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 80% 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 80 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

XTP is currently -$0.0001467 (-20.26%) below its 100-day moving average price of $0.000723860 with its current price of $0.000577170. Meanwhile, Tap is $0.0003060 (-4056866.64%) above its 52-week low price of $0.000271131 and -$0.00186024 (-410247.89%) below its 52-week high of $0.002437410. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 80. Trends for the long-term trading history of Tap suggest that traders are currently neutral on the token. Tap currently has a total market cap of $711,022.47 to go along with its average daily volume of $1,284.65 worth of the currency over the past seven days. XTP's volume is below its seven day average as of the past 24 hours, with 223.02 exchanged in that period.

Summary

XTP's historical trading over the past year gives it a a strong long-term technical score of 80 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).