Tap (XTP): How Does the Chart Look Tuesday?

Tuesday, May 10, 2022 11:42 AM | InvestorsObserver Analysts

Tap receives a weak long-term technical score of 14 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. XTP currently holds a superior long-term technical analysis score than 14% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Tap a 14 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 $0.000313877 for XTP is -$0.0004514 (-58.99%) below the tokens 100-day moving average of $0.000765285. XTP meanwhile is $0.0000138 (-3665227.75%) above its 52-week low of $0.000300109 and -$0.00622027 (-153037.29%) under its 52-week high price of $0.006534150. 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 14. 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 $386,669.15 with an low average daily volume of $6,336.18 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 $978.42 exchanged in total.

Summary

XTP's historical trading over the past year gives it a a weak long-term technical score of 14 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).