The torpid Alchemy Pay had its price rise only by 1% last week (May 19 - May 25).
Between May 19 - May 25, Alchemy Pay has been mostly as its price has been in the rising mode. The situation on the ACH market shows that the underlying asset is currently experiencing a period of medium 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 price action of Alchemy Pay has been contained due to modest volatility. We established that ACH didn't showcase any significant price action due to the market's mild average volatility of 8%. The largest volatility for the given period occurred on May 19 and amounted to 9.44%. The price of the asset had fluctuated the least on May 23, when the volatility plummeted to 1.23%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.
The gains of ACH after the weekly open on May 19 amounted to 1%. The price action of the coin remained on May 20 as the pushed the price down by 1%. During the following trading period on May 21, the price of Alchemy Pay oscillated between the low at $0.026 and the high at $0.028, while the price moved down by 1%. ACH ’s performance during May 22 was the following: the price increased by 8% in conjunction with the acceptable trading volume. The developments on the Alchemy Pay market on May 23 started with the price opening at $0.03 and subsequently moving to $0.03, the close of the day, while dropping to the 24H low at $0.028 and spiking to the 24H high at $0.028. The price action on May 24 saw the crypto coin moving along the following route: starting point at $0.03 and closing point at $0.03, while it also deviated to establish the high of the day at $0.029 and the low of the day at $0.026. Between the 24H high at $0.027 and the 24H low at $0.026, the coin was traded in the $0.03 - $0.03 price corridor. During the reviewed time period, the asset was able to achieve the weekly high at $0.03, though at a certain point, the bear pressurized the price down to the weekly low at $0.025. Traders saw Alchemy Pay covering the $0.0002 distance between the weekly low and the weekly high, which constituted for a 1% move.
In the period May 19 - May 25, the trading volume of Alchemy Pay went from $32 582 117 on the first day of the reviewed period to $36 205 180 on the closing day. During the week before May 19, the trading volume of ACH flowed from $12 842 098 to $46 540 757. The 12% 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 1%.
ACH 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. Alchemy Pay market capitalization from the week before experienced no change, as a result there were no price fluctuations.