The bears had a field day between December 21 and December 27 as Blockpass got knocked down by 87%.
The downward movement of the Blockpass price last week indicates the chosen market is bearish. The situation on the PASS market shows that the underlying asset is currently experiencing a period of high volatility. 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.
During the reported period, Blockpass has been swinging for the fences, which resulted in an average volatility of 88.63% for the given period. The highest volatility was recorded on December 21 - it amounted to 88.63%. The lowest volatility for the given period was spotted on December 27 and reached 0%. The increased volatility of 88.63% on the PASS market suggests large price swings in either direction, which is indicative of market instability.
During the opening day on December 21, PASS has had a 4% move to the downside. On December 22 the coin market stayed neutral, with no changes in the price. The bears dominated the price action during the following trading period as the price drifted 13% to the downside, having established the low for the reviewed time frame at $0.0015, while the high was recorded at $0.0017. The PASS market was up as the price shifted by 11% on December 24, against the backdrop of the sufficient trading volume. On December 25, Blockpass finished the trading day with no changes to the flatlined market. On December 26, the crypto coin showcased the following price fluctuations: the trading session began at $0.002 and then traveled from the low of the day at $0.0002 to the high of the day at $0.002, closing at $0.0002. On the last day of the reviewed period, the coin was locked between $0.0002 and $0.0003, though the price managed to puncture these levels to reach the 24H high at $0.0003 and the 24H low at $0.0002. The price action on the asset's market during the period between December 21 and December 27 topped at $0.002, while the bottom of the price range was established at $0.0002. The price action on the weekly time frame made Blockpass within the 87% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.002.
The trading activity on the Blockpass market over the past week - December 21 to December 27 - generated the average trading volume that went from $165 to $16.84. We can draw the comparison with the period of 7 days that preceded the reviewed one when PASS ’s trading volume varied from $0.41 to $1 582. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 44%, and the 87% price shift.
PASS 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. Blockpass market capitalization from the week before experienced no change, as a result there were no price fluctuations.