A 9% price increase last week (January 17 - January 23) confirms the bullishness of AstroElon.
The analysis of last week’s price action shows that the AstroElon market is in the bullish phase since the price has been moving upward. The situation on the ELONONE market shows that the underlying asset is currently experiencing a period of low 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 volatility is low on the AstroElon market, as the latest data suggests. The data derived from our credible sources shows that the average volatility of ELONONE didn't exceed 1.18%, which is indicative of weak price action. The peak of the coin's volatility for the given time period was reached on January 21 when this parameter went as low as 5.48%. On January 22, the asset didn't make any noticeable price movements as its volatility dropped to the lowest level at 1.18%. The volatility of 1.18% is too low for the crypto coin to engage in any attention-worthy price action.
The price action of the coin remained on January 18 as the pushed the price up by 1%. During the following trading period on January 19, the price of AstroElon oscillated between the low at $0.000000007 and the high at $0.000000008, while the price moved up by 3%. ELONONE ’s performance during January 20 was the following: the price increased by 2% in conjunction with the acceptable trading volume. January 21 kicked off with AstroElon trading opening at $0.000000008 and then closing the session at $0.000000008, establishing the 24H low at $0.000000008 and 24H high at $0.000000008 in the process. The crypto coin opened the trading session on January 22 at $0.000000008 and finalized it at $0.000000008; the highest point of price action was at $0.000000008, the lowest was detected at $0.000000007. Most trading activity on January 23 occurred in the space between $0.000000008 and $0.000000008; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.000000007, though the bulls had also staged the rally to the 24H high at $0.000000008. The highest point of the price action over the week was at $0.000000008 - the weekly low during the same period was established at $0.000000007. The difference between the lowest and the highest price points for the week was 9%, as the price moved in the $0.0000000007 wide corridor.
The past 7 days were marked by a change in average daily trading volume from $25 487 on January 17 to $9 256 on January 23. Over the week that came before the analyzed time span, the average trading volume of ELONONE ranged between $844 and $18 188. The 90% trading volume fluctuation between January 17 and January 23, as compared with the previous period, served as a basis for a 9% price move.
ELONONE 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. AstroElon market capitalization from the week before experienced no change, as a result there were no price fluctuations.