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Tap (XTP) Falls 0.45%, Underperforms the Crypto Market Sunday

Sunday, September 18, 2022 01:26 PM | InvestorsObserver Analysts
Tap (XTP) Falls 0.45%, Underperforms the Crypto Market Sunday

Tap (XTP) has been relatively more volatile compared to the crypto market. So far Sunday, the crypto has dropped 44.86% to $0.0002180005671.

volatility - 78
InvestorsObserver is giving Tap a 78 Volatility Rank. Find out what this means to you and get the rest of the rankings on Tap!

Highly Volatile

InvestorsObserver gives Tap a high volatility rank of 78, placing it in the top 22% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. XTP's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Tap price is in a favorable position going forward. With support at $0.000101278339868701 and resistance near $0.000298963052343867. This positions Tap with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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