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Tap (XTP), High Volatility and Rising Thursday: Is it Time to Cash Out?

Thursday, July 07, 2022 08:02 AM | InvestorsObserver Analysts
Tap (XTP), High Volatility and Rising Thursday: Is it Time to Cash Out?

Tap (XTP) has been relatively more volatile compared to the crypto market. So far Thursday, the crypto has increased 52.96% to $0.0002598016802.

volatility - 88
InvestorsObserver is giving Tap a 88 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 88, placing it in the top 12% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. XTP's high volatility reading pairs 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 trading above resistance. With support at $0.000169825949698065 and resistance near $0.000169870202072274. This positions Tap out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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

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