Carry market outlook from March 11 - March 17 :the price surges by 30%.
The price of Carry was rising last from March 11 until March 17, giving enough reason to conclude that the market is. The price swings of CRE pointed to the presence of high volatility. There has been a rise in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Due to the active price action, the average volatility of Carry jumped to 24.74%. March 11 was the day when the asset was the most volatile, with the volatility going as high as 24.74%. The quietest period on the coin's market happened on March 17 as the volatility failed to surpass the 0.37% mark. When the volatility goes as high as 24.74%, the CRE market tends to be erratic and hard to predict.
The opening price of Carry was at $0.004 on March 11, with having a more visible presence on the market. The first day of price action was marked by the 1% move to the downside from the point where the trading session opened. On March 12 the coin market stayed neutral, with no changes in the price. The bulls dominated the price action during the following trading period as the price drifted 25% to the upside, having established the low for the reviewed time frame at $0.004, while the high was recorded at $0.005. On March 15, CRE market moved by 3% in the bullish direction in concert with the trading volume. After the open at $0.005, Carry moved during March 15 in the range between the said open and the close at $0.005, having posted the 24H low at $0.005 and the 24H high at $0.005. The trading period on March 16 saw the crypto coin forming the price amplitude between the open at $0.005 and the close at $0.005, also interacting with $0.0046 (24H low) and $0.0046 (24H high). The coin found the deepest trough (24H low) at $0.005 on March 17 and then exploded to the ceiling (24H high) at $0.005; the price range for that day was between $0.005 and $0.005. The price action on the asset's market during the period between March 11 and March 17 topped at $0.005, while the bottom of the price range was established at $0.004. The difference between the lowest and the highest price points for the week was 30%, as the price moved in the $0.001 wide corridor.
The past 7 days were marked by a change in average daily trading volume from $12 849 371 on March 11 to $1 953 253 on March 17. Over the week that came before the analyzed time span, the average trading volume of CRE ranged between $2 008 785 and $40 729 362. The asset demonstrated an 90% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 30%.
Bitcoin began the observed period March 11 - March 17, with the market capitalization of $34 570 023 and finalized it at the market capitalization level of $42 784 212. The percentage change in the total market capitalization of CRE amounted to 24%. The 24% change in the coin's market capitalization affected the price rate that saw a 30% shift in the same time period. During the week before the analyzed time frame, the market capitalization of Carry moved by 18% as it went from $42 088 660 to $34 417 756, and gave a better understanding of the general direction in which this market is flowing.