Restrained price action on December 27 to January 2 as Aave Polygon WETH moves up by only 1%.
Between December 27 - January 2, Aave Polygon WETH has been mostly as its price has been in the rising mode. The price swings of AMWETH pointed to the presence of low volatility. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
The current state of affairs on the cryptocurrency market allows us to draw the conclusion that Aave Polygon WETH is now going through the cycle of low volatility. The insignificant movement of the AMWETH market came as the result of low average volatility that amounted to 0%. 1.4% was the maximum volatility that the coin managed to showcase on December 31. The weakest volatility level of 0% on the asset's market was registered on January 1. Since the current volatility of the crypto coin is low, we expect the price fluctuations of the digital asset at hand to be insignificant.
On December 28, the price of the coin has shifted by 1% from the daily open on the back of a good trading volume. The cautious traders dominated the price action on December 29, with the Aave Polygon WETH market remaining flat. On December 30, the value of AMWETH was in the range, with the market remaining flat. On December 31, Aave Polygon WETH finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on January 1. The coin found the deepest trough (24H low) at $1 196 on January 2 and then exploded to the ceiling (24H high) at $1 219; the price range for that day was between $1 202 and $1 218. The price action on the asset's market during the period between December 27 and January 2 topped at $1 226, while the bottom of the price range was established at $1 186. Aave Polygon WETH shaped the $10.18 price range over the week of price action, which constituted the 1% gap between the weekly low and the weekly high.
As for the average trading volume in the time slot between December 27 and January 2, the Aave Polygon WETH market registered the change from $501 549 to $266 556. During the week before December 27, the trading volume of AMWETH flowed from $296 222 to $735 403. The 10% trading volume fluctuation between December 27 and January 2, as compared with the previous period, served as a basis for a 1% price move.
AMWETH experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. Aave Polygon WETH market capitalization from the week before experienced no change, as a result there were no price fluctuations.