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

Wednesday, September 14, 2022 07:57 AM | InvestorsObserver Analysts

Tap receives a strong short-term technical ranking of 93 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. XTP has a superior recent technical analysis than 93% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Tap a 93 Short-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 $0.000221 (122.83%) above its 30-day low of $0.000179995 and -$0.000037 (-8.45%) below its 30-day high of $0.00043812. Additionally, XTP is above its average price of $0.000275630 over the past month of trading with its current price of $0.000401084. Overall, the recent trading history of Tap suggest that traders are currently bullish on the token. XTP has a relatively low market cap for a token with a total market value of $494,100.15. Tap's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Tap's average volume meanwhile is low with $8,992.69 worth of the token traded over a typical 24 hour period. XTP's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. As of the past 24 hours, XTP's volume is below its average with $1,267.28 exchanged.

Summary

XTP's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on Tap (XTP).