Down by 3% : The Badger DAO market saw some bearish action last week (February 22 - February 28).
The price of Badger DAO was falling last from February 22 until February 28, giving enough reason to conclude that the market is bullish. The volatility associated with the BADGER market was medium, as were its price fluctuations. There has been a rise in the market capitalization of the asset during the period under review. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
While the volatility remains restrained, Badger DAO isn't making any explosive moves. During the reviewed period, the volatility of BADGER was in the middle register, averaging at 8%. The coin was the most volatile on February 22, when the range of its price fluctuations reached 9.06%. 0.91% was the rock bottom for the asset's volatility that was reached on February 26. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
The bears were dictating the terms on the Badger DAO market on February 22 - the trading session opened at $3.52. The first day of price action was marked by the 8% move to the upside from the point where the trading session opened. The 3% move in the downward direction took place on the second day after the weekly open. During the next trading day, the rate of change in the price of Badger DAO stood at 9% having reached the low at $3.4 and the high at $3.73 as the advantage remained on the side of sellers. The next trading session was characterized by more bullish price action (as BADGER made a 4% move) on the back of the consistent trading volume. The price oscillation of Badger DAO on February 26 was in the $3.25 - $3.31 range; at the same time, the price stretched out to reach the 24H low at $3.23 and the 24H high at $3.35. The price action on February 27 saw the crypto coin moving along the following route: starting point at $3.33 and closing point at $3.61, while it also deviated to establish the high of the day at $3.77 and the low of the day at $3.33. February 28 presented us with the following price action data: the coin opened the period at $3.61 and went on to establish the low at $3.52 and the high of the day at $3.68 before closing the day at $3.67. The price action on the asset's market during the period between February 22 and February 28 topped at $4.2, while the bottom of the price range was established at $3.23. Badger DAO shaped the $0.13 price range over the week of price action, which constituted the 3% gap between the weekly low and the weekly high.
The past 7 days were marked by a change in average daily trading volume from $12 973 415 on February 22 to $22 973 376 on February 28. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the BADGER market had its volume ranging between $2 041 726 and $13 117 636. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 284%, and the 3% price shift.
The past week saw the market capitalization of Badger DAO making a shift from $65 833 089 on February 22 to $69 750 083 on February 28, the peak for the analyzed period. Percentage-wise, the market capitalization of BADGER has shifted by 6% in the past week. The 6% change in the coin's market capitalization affected the price rate that saw a 3% shift in the same time period. In the preceding week, February 15 - February 21, the market capitalization of Badger DAO got a 22% adjustment ($55 269 418 to $67 474 827) in comparison to a 6% change last week; this allows getting a deeper insight into the market structure.