Restrained price action on March 7 to March 13 as Badger DAO moves up by only 1%.
The price of Badger DAO was rising last from March 7 until March 13, giving enough reason to conclude that the market is. The situation on the BADGER market shows that the underlying asset is currently experiencing a period of medium volatility. The price action on the coin's market translated to the decline of market capitalization. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The unfolding situation in the Badger DAO market suggests that the reviewed digital asset is in the stage of mild volatility. The market analysis reveals that the mild average volatility of 8% restrained BADGER 's price swings. The coin was the most volatile on March 7, when the range of its price fluctuations reached 10.39%. The asset's volatility was at its lowest on March 11 when it dropped to 0.38%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
The opening price of Badger DAO was at $3.12 on March 7, with having a more visible presence on the market. During the opening day on March 7, BADGER has had a 2% move to the downside. The price action of the coin remained bearish on March 8 as the bears pushed the price down by 4%. During the following trading period on March 9, the price of Badger DAO oscillated between the low at $2.81 and the high at $3.01, while the price moved down by 5%. The trading volume on March 10 rendered support to the 7% bearish move of BADGER. On March 11, Badger DAO finished the trading day with no changes to the flatlined market. The price action on March 12 saw the crypto coin moving along the following route: starting point at $2.6 and closing point at $2.79, while it also deviated to establish the high of the day at $2.79 and the low of the day at $2.6. Most trading activity on March 13 occurred in the space between $2.75 and $3.08; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $2.75, though the bulls had also staged the rally to the 24H high at $3.08. The asset posted the weekly low at $2.53, while the top of the weekly trading session was registered at $3.17. Badger DAO shaped the $0.03 price range over the week of price action, which constituted the 1% gap between the weekly low and the weekly high.
The trading activity on the Badger DAO market over the past week - March 7 to March 13 - generated the average trading volume that went from $4 173 800 to $3 082 267. We can draw the comparison with the period of 7 days that preceded the reviewed one when BADGER ’s trading volume varied from $2 971 565 to $22 973 376. The average trading volume of the asset fluctuated by 65% by comparison with the previous period, whereas the price change of 1% took place over the same period of time.
Badger DAO had its total market capitalization change from $59 221 354 on March 7 to $54 969 340 on March 13, the end of the examined time frame. When translated to percentage rate, the market capitalization of BADGER over the past week adjusted by 7%. The price of the coin changed by 1% on the back of the 7% shift in its total market capitalization. In the preceding week, February 28 - March 6, the market capitalization of Badger DAO got a 12% adjustment ($69 750 083 to $61 032 362) in comparison to a 7% change last week; this allows getting a deeper insight into the market structure.