December 4 - December 10 price action recap: Akroma sees a weak 1% gain as the buyers take a step back.
Between December 4 - December 10, Akroma has been mostly bullish as its price has been in the rising mode. AKA was caught in a period of high volatility, which was reflected in its price action. 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.
According to our calculations, Akroma experiences larger than usual price fluctuations, which translates to the average volatility percentage of 23.71% during the period under review. The highest volatility was recorded on December 4 - it amounted to 23.71%. The quietest period on the coin's market happened on December 10 as the volatility failed to surpass the 0.12% mark. The increased volatility of 23.71% on the AKA market suggests large price swings in either direction, which is indicative of market instability.
While the overall situation on the Akroma market was bullish, the trading session on December 4 kicked off at the $0.0008 price level. There were no gains or losses to the AKA market on December 4, it remained flat. On December 5 the coin market stayed neutral, with no changes in the price. During the next trading day, the rate of change in the price of Akroma stood at 20% having reached the low at $0.0007 and the high at $0.0009 as the advantage remained on the side of sellers. The AKA market was up as the price shifted by 24% on December 7, against the backdrop of the sufficient trading volume. Akroma finalized the trading day of December 8 at $0.0009 after opening it at $0.0008, though the price broke through that corridor to hit the 24H high at $0.00086 and the 24H low at $0.00084. No changes were observed on the crypto coin's market on December 9. The coin's market saw no changes on December 10, as the market flatlined. During the reviewed time period, the asset was able to achieve the weekly high at $0.0009, though at a certain point, the bear pressurized the price down to the weekly low at $0.0007. As a result of price action within the designated time period, the price movement range on the Akroma market was established at $0.000007 or 1% between the weekly low and the weekly high.
Akroma ’s average trading volume on the opening day of the observed time period, December 4, stood at $23.24, while on the closing day of the same period, it moved to $33.09. A more comprehensive analysis of AKA price action requires the comparison of the trading volume between December 4 and December 10 with that from the preceding week that demonstrated how the trading volume fluctuated between $3.19 and $31.44. The 141% trading volume fluctuation between December 4 and December 10, as compared with the previous period, served as a basis for a 1% price move.
AKA 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. Akroma market capitalization from the week before experienced no change, as a result there were no price fluctuations.