Market analysis March 10 - March 16 : Badger DAO posts a 15% rally.
Badger DAO has been last week as its price has been predominantly rising. The price swings of BADGER pointed to the presence of medium volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The price action of Badger DAO has been contained due to modest volatility. We established that BADGER didn't showcase any significant price action due to the market's mild average volatility of 8%. The largest volatility for the given period occurred on March 10 and amounted to 10.39%. The price of the asset had fluctuated the least on March 14, when the volatility plummeted to 0.38%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
While the overall situation on the Badger DAO market was neutral, the trading session on March 10 kicked off at the $2.79 price level. During the opening day on March 10, BADGER has had a 7% move to the downside. On March 11 the coin market stayed neutral, with no changes in the price. The price range of Badger DAO formed between $2.6 and $2.79 on March 12 as the price traveled 7% up. The BADGER market was up as the price shifted by 12% on March 13, against the backdrop of the sufficient trading volume. March 14 kicked off with Badger DAO trading opening at $3.07 and then closing the session at $3.27, establishing the 24H low at $3.07 and 24H high at $3.37 in the process. While the 24H high and low on March 15 were at $3.35 and $3.03, respectively, the crypto coin had been traded in the area between the open at $3.2 and the close at $3.07. On the last day of the reviewed period, the coin was locked between $3.05 and $2.98, though the price managed to puncture these levels to reach the 24H high at $3.08 and the 24H low at $2.96. The price action on the asset's market during the period between March 10 and March 16 topped at $3.37, while the bottom of the price range was established at $2.53. The price action on the weekly time frame made Badger DAO within the 15% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.38.
In the period March 10 - March 16, the trading volume of Badger DAO went from $3 670 688 on the first day of the reviewed period to $9 729 936 on the closing day. 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 $8 839 805. The average trading volume of the asset fluctuated by 1% by comparison with the previous period, whereas the price change of 15% took place over the same period of time.
Bitcoin began the observed period March 10 - March 16, with the market capitalization of $51 273 930 and finalized it at the market capitalization level of $57 098 420. The rate of percentage change for the last week for BADGER was 11%. The said 11% percentage change in market capitalization of the coin was accompanied by the 15% fluctuation in the price of the underlying asset. A better understanding of the lay of the land on the Badger DAO market requires a comparison with the preceding week when the total market capitalization of Badger DAO changed by 20% as it went from $69 587 884 to $51 273 930.