Tapmydata (TAP): How Does it Rank Saturday on Long-Term Trading Metrics?

Saturday, April 09, 2022 09:27 AM | InvestorsObserver Analysts

InvestorsObserver gives Tapmydata a weak long-term technical score of 2 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. TAP at this time has a superior long-term technical analysis score than 2% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving Tapmydata a 2 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Tapmydata!

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Trading Analysis

Tapmydata's price is -$0.0232610 (-38.59%) below its 100-day moving average price of $0.060278017 as its price at the moment sits at $0.037016997. Additionally, TAP is $0.0010103 (-30447.09%) higher than its 52-week low price of $0.036006667 while -$0.80717819 (-1180.18%) under its 52-week high of $0.844195187. The current trading price in relation to its long-term average along with its 52-week high and low, gives TAP an average long-term technical score of 2. Long-term trading movement of Tapmydata suggest that investors are bearish on the token at the moment. Tapmydata has a total market value of $744,291.49 with an low average daily volume of $1,126.20 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, TAP's volume is below its average with $175.03 exchanged in total. This token's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

Technical analysis of Tapmydata over the past year results in the crypto receiving a a weak long-term technical score of 2 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on Tapmydata (TAP).