Restrained price action on December 21 to December 27 as BitCanna moves up by only 2%.
BitCanna has been last week as its price has been predominantly rising. BCNA has been going through a period of low volatility, which fell in line with the occurred price changes. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
The analysis of events on the BitCanna market shows that the cryptocurrency under review is experiencing a period of low volatility. The average volatility of BCNA was capped at 0.86%, leading to weak fluctuations in the price of BitCanna. In the period between December 21 and December 27, the volatility of the coin peaked at 0.86%. The price action on the asset's market was the weakest on December 26 when the volatility was at 0.86%, the minimum for the given period of time. Since the current volatility of the crypto coin is low, we expect the price fluctuations of the digital asset at hand to be insignificant.
There were no gains or losses to the BCNA market on December 21, it remained flat. The price action of the coin remained bearish on December 22 as the bears pushed the price down by 4%. The price range of BitCanna formed between $0.014 and $0.014 on December 23 as the price traveled 2% up. The trading volume on December 24 rendered support to the 2% bullish move of BCNA. December 25 kicked off with BitCanna trading opening at $0.01 and then closing the session at $0.01, establishing the 24H low at $0.0142 and 24H high at $0.0144 in the process. On December 26, the crypto coin showcased the following price fluctuations: the trading session began at $0.01 and then traveled from the low of the day at $0.0142 to the high of the day at $0.0145, closing at $0.01. Between the 24H high at $0.0148 and the 24H low at $0.0144, the coin was traded in the $0.01 - $0.01 price corridor. During the reviewed time period, the asset was able to achieve the weekly high at $0.015, though at a certain point, the bear pressurized the price down to the weekly low at $0.014. The difference between the lowest and the highest price points for the week was 2%, as the price moved in the $0.0003 wide corridor.
The past 7 days were marked by a change in average daily trading volume from $3 416 on December 21 to $1 558 on December 27. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the BCNA market had its volume ranging between $1 858 and $9 927. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 26%, and the 2% price shift.
BCNA experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. BitCanna market capitalization from the week before experienced no change, as a result there were no price fluctuations.