March 7 - March 13 market watch: ACryptoS goes up by 91% as buying pressure persists.
The bullish behavior of ACryptoS last week was characterized by the occurrence of upswings. The price swings of ACS pointed to the presence of high volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
According to our calculations, ACryptoS experiences larger than usual price fluctuations, which translates to the average volatility percentage of 46.83% during the period under review. The peak of the asset's volatility fell on March 7 after it went all the way to 46.83%. The coin saw its volatility drop to a minimum at 0.19% on March 13. The present volatility of 46.83% is indicative of unstable market conditions.
On March 7, the first trading session of the reviewed time period, the market participants saw ACS moving up by 1%. On March 8, the price of the coin has shifted by 47% from the daily open on the back of a good trading volume. The price range of ACryptoS formed between $0.92 and $1.17 on March 9 as the price traveled 20% up. ACS ’s performance during March 10 was the following: the price increased by 5% in conjunction with the acceptable trading volume. The price range of ACryptoS on March 11 formed between $1.21 and $1.16, whereas the daily price extremities were $1.15 and $1.22. On March 12, the crypto coin showcased the following price fluctuations: the trading session began at $1.16 and then traveled from the low of the day at $1.14 to the high of the day at $1.18, closing at $1.18. On the last day of the reviewed period, the coin was locked between $1.18 and $1.24, though the price managed to puncture these levels to reach the 24H high at $1.26 and the 24H low at $1.18. $0.64 was the bottom of price action for the week, though the price went to the high extreme at $1.37 over the same time period. The price action on the weekly time frame made ACryptoS within the 91% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.59.
ACryptoS ’s average trading volume on the opening day of the observed time period, March 7, stood at $1 355, while on the closing day of the same period, it moved to $964. A more comprehensive analysis of ACS price action requires the comparison of the trading volume between March 7 and March 13 with that from the preceding week that demonstrated how the trading volume fluctuated between $40.8 and $5 715. The 1369% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 91%.
ACryptoS had its total market capitalization change from $1 036 422 on March 7 to $1 936 156 on March 13, the end of the examined time frame. The rate of percentage change for the last week for ACS was 87%. The said 87% percentage change in market capitalization of the coin was accompanied by the 91% fluctuation in the price of the underlying asset. ACryptoS ’s market capitalization from the week before changed by 5%, as the result of fluctuation between $1 080 464 and $1 036 422, to give a clearer vision of the current state of the market.