Market review from March 8 to March 14 : Ari10 gets a 9% price appreciation.
The analysis of last week’s price action shows that the Ari10 market is in the phase since the price has been moving upward. The volatility associated with the ARI10 market was medium, as were its price fluctuations. The asset saw its market capitalization growing over the reviewed period together with its price. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The situation on the Ari10 market allows us to characterise its volatility as mild. The average volatility of 6% was the reason why the price of ARI10 didn't put up any significant gains. The coin has hit the highest point of volatility on March 8. The price of the asset had fluctuated the least on March 12, when the volatility plummeted to 0.4%. The crypto coin's market didn't put up any surprises due to mild average volatility of 6%.
On March 8, the Ari10 market opened at $0.003, preceded by a period of neutral action. The first day of price action was marked by the 1% move to the downside from the point where the trading session opened. The 1% move in the downward direction took place on the second day after the weekly open. On March 10, the market was moving to the upside as Ari10 went 2% up from the low at $0.0031 to the high at $0.0033. On March 11, the value of ARI10 was in the range, with the market remaining flat. March 12 kicked off with Ari10 trading opening at $0.003 and then closing the session at $0.003, establishing the 24H low at $0.00325 and 24H high at $0.00329 in the process. The crypto coin opened the trading session on March 13 at $0.003 and finalized it at $0.004; the highest point of price action was at $0.0036, the lowest was detected at $0.0033. The coin's market saw no changes on March 14, as the market flatlined. $0.0031 was the bottom of price action for the week, though the price went to the high extreme at $0.0036 over the same time period. The price action on the weekly time frame made Ari10 within the 9% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.0003.
As for the average trading volume in the time slot between March 8 and March 14, the Ari10 market registered the change from $14 639 to $18 143. Over the week that came before the analyzed time span, the average trading volume of ARI10 ranged between $10 669 and $17 170. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 23%, and the 9% price shift.
The change in the total market capitalization of Ari10 from March 8 to March 14 was as follows: on March 8, the capitalization was at $1 137 957, while on March 14, it reached the level of $1 236 499. The percentage change in the total market capitalization of ARI10 amounted to 9%. The said 9% percentage change in market capitalization of the coin was accompanied by the 9% fluctuation in the price of the underlying asset. A better understanding of the lay of the land on the Ari10 market requires a comparison with the preceding week when the total market capitalization of Ari10 changed by 3% as it went from $1 191 568 to $1 137 957.