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Saturday 09 April 2022 07:26 | InvestorsObservers Analysts

InvestorsObserver gives Swap a solid short-term technical score of 81 from its analysis. The proprietary rating system takes into account the coin’s trading history over the past month to determine the strength of its short-term techniques. XWP has currently traded over 81% of coins based on these metrics. Investors who focus on recent and sound trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

Short Term Technique - 81
InvestorsObserver gives Swap a short term technical rank of 81. Find out what this means for you and get the rest of the ranking on Swap!

Business analysis

The swap is $0.002645 (39.40%) above its 30-day low of $0.006712565 while -$0.006188 (-39.81%) is below its high over 30 days of $0.01554573. Moreover, XWP’s current price of $0.009357391 is below its 30-day moving average price of $0.010903275, which leads to a strong technical score in the near term. Overall, Swap’s recent trading history suggests that investors are currently bullish on the coin. XWP has a relatively low market cap for a coin with a total market value of $141,035.51. Swap’s relatively low market value comes from sitting below $100 million, while the top 100 cryptos remain above $1 billion in market capitalization and the top 500 sits above 100 millions of dollars. The average Swap volume meanwhile is low with $208.09 of the coin being traded in a typical 24-hour period. XWP’s volume is relatively low, as the top 100 most traded cryptos typically have $100 million traded daily and smaller cryptos tend to be less than $5 million traded in 24 hours. In the past 24 hours, XWP’s volume is below its average with $29.32 traded. Subclass of Swap Digital Currency: Digital currency is an asset, commodity, or currency intended to maintain value and liquidity over time so that it can be used similarly to fiat currencies.

Summary

XWP’s recent trading over the past month gives it a strong short-term technical score, as its recent price movement gives traders reason to be more bullish on the coin in the short-term. Click here for the full swap report (XWP).

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