A 21% drop on the Badger DAO market last week (March 4 - March 10) signals that the sellers are gaining strength.
Badger DAO has been bearish last week as its price has been predominantly falling. The price swings of BADGER pointed to the presence of medium volatility. The price action on the coin's market translated to the decline of market capitalization. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The volatility has been suppressed, as the Badger DAO price action suggests. Our comprehensive data indicates that the price change of BADGER has been moderate on the back of the average volatility of 5% for the given time period. The largest volatility for the given period occurred on March 4 and amounted to 7.47%. The asset saw its volatility drop to the lowest level for the given period on March 8 as it shrank to 2.12%. Since the volatility of 5% can be deemed as mild, the crypto coin's market can be characterised as composed.
The bears were dictating the terms on the Badger DAO market on March 4 - the trading session opened at $3.39. The price of BADGER took a 3% down downswing at the open of the weekly trading period. The coin market was down by 1% on March 5, the second day of the reviewed time period. Badger DAO posted the interim low at $3.11 on March 6 and then moved down by 3% and peaked at $3.23. BADGER ’s performance during March 7 was the following: the price declined by 2% in conjunction with the acceptable trading volume. Badger DAO finalized the trading day of March 8 at $2.94 after opening it at $3.05, though the price broke through that corridor to hit the 24H high at $3.07 and the 24H low at $2.94. The trading period on March 9 saw the crypto coin forming the price amplitude between the open at $2.97 and the close at $2.81, also interacting with $2.81 (24H low) and $2.81 (24H high). As for the occurrences on March 10, the price of the coin bottomed at $2.53 and peaked at $2.79, while its daily range formed between $2.79 and $2.6. $2.53 was the bottom of price action for the week, though the price went to the high extreme at $3.39 over the same time period. Badger DAO bounced 21% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.7.
The past 7 days were marked by a change in average daily trading volume from $8 839 805 on March 4 to $3 670 688 on March 10. During the week before March 4, the trading volume of BADGER flowed from $2 716 293 to $22 973 376. Percentage-wise, the trading volume of the asset changed by 58%, in comparison to the previous period, while its price experienced a 21% adjustment.
The total capitalization of Bitcoin at the start of the analyzed time period (March 4) amounted to $63 312 782; by the end of that period (March 10), the capitalization went to $51 273 930. 19% was the calculated percentage change for the BADGER market over the past week. The said 19% percentage change in market capitalization of the coin was accompanied by the 21% fluctuation in the price of the underlying asset. Badger DAO ’s market capitalization from the week before changed by 7%, as the result of fluctuation between $64 834 723 and $63 312 782, to give a clearer vision of the current state of the market.