Tapmydata (TAP), High Volatility and Rising Saturday: Is it Time to Cash Out?

Saturday, April 16, 2022 12:34 PM | InvestorsObserver Analysts

Tapmydata (TAP) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Art, Collectibles and Non-Fungible Tokens has gained 44.67% to $0.04340989648.

InvestorsObserver is giving Tapmydata a 88 Volatility Rank. Find out what this means to you and get the rest of the rankings on Tapmydata!

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Highly Volatile

InvestorsObserver gives Tapmydata a high volatility rank of 88, placing it in the top 12% of cryptos on the market.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. TAP'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.

Tapmydata price is trading above resistance. With support around $0.0247675128848962 and resistance around $0.0404801764161996. This positions Tapmydata out of range and potentially in a volatile position if the rally burns out.