Tap (XTP) Falls 0.5%, Underperforms the Crypto Market Monday

Monday, September 26, 2022 07:10 AM | InvestorsObserver Analysts

Tap (XTP) has been relatively more volatile compared to the crypto market. So far Monday, the crypto has dropped 49.67% to $0.0001912357331.

InvestorsObserver is giving Tap a 83 Volatility Rank. Find out what this means to you and get the rest of the rankings on Tap!

See Full Report

Highly Volatile

InvestorsObserver gives Tap a high volatility rank of 83, placing it in the top 17% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. XTP's high volatility reading comes 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 near $0.0000842323793117847 and resistance around $0.000276528168331921. This positions Tap with room to run before facing selling pressures.