Augur exploded by 25% in the period of March 11 - March 17 as the buyers got an upper hand.
The analysis of last week’s price action shows that the Augur market is in the phase since the price has been moving upward. REP was caught in a period of medium volatility, which was reflected in its price action. The asset saw its market capitalization growing over the reviewed period together with its price. 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 Augur has been contained due to modest volatility. The market analysis reveals that the mild average volatility of 8% restrained REP 's price swings. The most significant volatility occurred on March 11 and reached 8.69%. The price of the asset had fluctuated the least on March 15, when the volatility plummeted to 0.12%. Since the volatility of 8% can be deemed as mild, the crypto coin's market can be characterised as composed.
Augur began the day on March 11 at $7.27, while the broad background was neutral. On March 11, the first trading session of the reviewed time period, the market participants saw REP moving down by 1%. The 6% move in the upward direction took place on the second day after the weekly open. During the next trading day, the rate of change in the price of Augur stood at 9% having reached the low at $7.66 and the high at $8.37 as the advantage remained on the side of buyers. The next trading session was characterized by more price action (as REP made a 4% move) on the back of the consistent trading volume. March 15 kicked off with Augur trading opening at $8.64 and then closing the session at $8.55, establishing the 24H low at $8.5 and 24H high at $9.06 in the process. No changes were observed on the crypto coin's market on March 16. March 17 presented us with the following price action data: the coin opened the period at $8.54 and went on to establish the low at $8.53 and the high of the day at $9.09 before closing the day at $8.97. Over the course of all trading sessions, the asset established the weekly low at $7.04 while buyers managed to push the price up to the weekly high at $9.09. Traders saw Augur covering the $1.77 distance between the weekly low and the weekly high, which constituted for a 25% move.
The trading activity on the Augur market over the past week - March 11 to March 17 - generated the average trading volume that went from $8 448 229 to $9 737 598. A more comprehensive analysis of REP price action requires the comparison of the trading volume between March 11 and March 17 with that from the preceding week that demonstrated how the trading volume fluctuated between $4 167 386 and $39 589 163. Percentage-wise, the trading volume of the asset changed by 39%, in comparison to the previous period, while its price experienced a 25% adjustment.
Bitcoin began the observed period March 11 - March 17, with the market capitalization of $58 641 010 and finalized it at the market capitalization level of $68 312 763. REP experienced a 16% change in total market capitalization throughout the past seven days. While the market capitalization of the coin was altered by 16%, its price has made a 25% change. During the week before the analyzed time frame, the market capitalization of Augur moved by 11% as it went from $66 061 152 to $58 552 359, and gave a better understanding of the general direction in which this market is flowing.