January 18 - January 24 market watch: Badger DAO goes up by 16% as buying pressure persists.
The bullish behavior of Badger DAO last week was characterized by the occurrence of upswings. The volatility associated with the BADGER market was medium, as were its price fluctuations. 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.
While the volatility remains restrained, Badger DAO isn't making any explosive moves. The market analysis reveals that the mild average volatility of 7% restrained BADGER 's price swings. The largest volatility for the given period occurred on January 18 and amounted to 9.25%. 0.78% was the rock bottom for the asset's volatility that was reached on January 22. Since the volatility of 7% can be deemed as mild, the crypto coin's market can be characterised as composed.
On January 19 the coin market stayed neutral, with no changes in the price. On January 20, the market was moving to the upside as Badger DAO went 4% up from the low at $2.55 to the high at $2.66. The BADGER market was up as the price shifted by 6% on January 21, against the backdrop of the sufficient trading volume. After the open at $2.82, Badger DAO moved during January 22 in the range between the said open and the close at $3.07, having posted the 24H low at $2.78 and the 24H high at $3.07. While the 24H high and low on January 23 were at $3.06 and $2.93, respectively, the crypto coin had been traded in the area between the open at $3.03 and the close at $2.99. The coin's market saw no changes on January 24, as the market flatlined. During the reviewed time period, the asset was able to achieve the weekly high at $3.07, though at a certain point, the bear pressurized the price down to the weekly low at $2.49. Traders saw Badger DAO covering the $0.4 distance between the weekly low and the weekly high, which constituted for a 16% move.
In the period January 18 - January 24, the trading volume of Badger DAO went from $2 491 682 on the first day of the reviewed period to $5 127 779 on the closing day. During the week before January 18, the trading volume of BADGER flowed from $2 526 140 to $6 334 798. The 26% 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 16%.
The total capitalization of Bitcoin at the start of the analyzed time period (January 18) amounted to $49 755 455; by the end of that period (January 24), the capitalization went to $55 567 353. BADGER experienced a 12% change in total market capitalization throughout the past seven days. The 12% change in the coin's market capitalization affected the price rate that saw a 16% shift in the same time period. A more precise analysis of the Badger DAO market also requires a comparison with the change in market capitalization from the week before, which amounted to 17% on the back of the move from $42 790 355 to $50 205 439.