The bulls muster more strength as Alpha Finance rises by 32% from January 18 to January 24.
The price of Alpha Finance was rising last from January 18 until January 24, giving enough reason to conclude that the market is bullish. ALPHA was caught in a period of medium volatility, which was reflected in its price action. The price action on the coin's market translated to the growth of market capitalization. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
The price action of Alpha Finance has been contained due to modest volatility. During the reviewed period, the volatility of ALPHA was in the middle register, averaging at 13%. The highest point of the coin's volatility reached 14.49% in the analyzed time frame. The asset's volatility was at its lowest on January 22 when it dropped to 1.12%. The crypto coin's market didn't put up any surprises due to mild average volatility of 13%.
During the opening day on January 18, ALPHA has had a 2% move to the downside. The 7% move in the downward direction took place on the second day after the weekly open. Alpha Finance posted the interim low at $0.111 on January 20 and then moved up by 1% and peaked at $0.114. ALPHA ’s performance during January 21 was the following: the price increased by 8% in conjunction with the acceptable trading volume. The price oscillation of Alpha Finance on January 22 was in the $0.13 - $0.13 range; at the same time, the price stretched out to reach the 24H low at $0.121 and the 24H high at $0.127. The crypto coin opened the trading session on January 23 at $0.13 and finalized it at $0.14; the highest point of price action was at $0.14, the lowest was detected at $0.12. As for the occurrences on January 24, the price of the coin bottomed at $0.13 and peaked at $0.16, while its daily range formed between $0.14 and $0.16. The price action on the asset's market during the period between January 18 and January 24 topped at $0.16, while the bottom of the price range was established at $0.11. Traders saw Alpha Finance covering the $0.04 distance between the weekly low and the weekly high, which constituted for a 32% move.
The trading activity on the Alpha Finance market over the past week - January 18 to January 24 - generated the average trading volume that went from $18 625 460 to $13 176 270. Over the week that came before the analyzed time span, the average trading volume of ALPHA ranged between $2 544 610 and $12 248 695. The 60% trading volume fluctuation between January 18 and January 24, as compared with the previous period, served as a basis for a 32% price move.
The past week saw the market capitalization of Alpha Finance making a shift from $90 847 843 on January 18 to $102 175 222 on January 24, the peak for the analyzed period. 12% was the calculated percentage change for the ALPHA market over the past week. When compared to the price fluctuations during the observed period of time, the 12% market capitalization movement was accompanied by a 32% change in the price of the coin. Alpha Finance ’s market capitalization from the week before changed by 37%, as the result of fluctuation between $63 009 133 and $90 847 843, to give a clearer vision of the current state of the market.