The bullish pressure subsides between September 9 and September 15 as Cloakcoin gains only 1%.

The upward movement of the Cloakcoin price last week indicates the chosen market is. The volatility of CLOAK has been high throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin from last week stemmed from the increasing trading volume.

The considerable chops and changes in the price of Cloakcoin resulted in average volatility of 54.88%. The highest volatility was recorded on September 9 - it amounted to 54.88%. The coin's market was the least volatile on September 15 when this particular metric didn’t exceed 8.02%. The increased volatility of 54.88% on the CLOAK market suggests large price swings in either direction, which is indicative of market instability.

On September 9, the Cloakcoin market opened at $0.19, preceded by a period of neutral action. The gains of CLOAK after the weekly open on September 9 amounted to 18%. The 9% move in the upward direction took place on the second day after the weekly open. The price range of Cloakcoin formed between $0.22 and $0.25 on September 11 as the price traveled 7% up. The next trading session was characterized by more price action (as CLOAK made a 17% move) on the back of the consistent trading volume. The price range of Cloakcoin on September 13 formed between $0.31 and $0.28, whereas the daily price extremities were $0.26 and $0.32. The price action on September 14 saw the crypto coin moving along the following route: starting point at $0.28 and closing point at $0.15, while it also deviated to establish the high of the day at $0.28 and the low of the day at $0.15. Most trading activity on September 15 occurred in the space between $0.27 and $0.23; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.23, though the bulls had also staged the rally to the 24H high at $0.28. The asset posted the weekly low at $0.15, while the top of the weekly trading session was registered at $0.32. The price action on the weekly time frame made Cloakcoin within the 1% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.003.

In the period September 9 - September 15, the trading volume of Cloakcoin went from $825 on the first day of the reviewed period to $423 on the closing day. Over the week that came before the analyzed time span, the average trading volume of CLOAK ranged between $4.4 and $1 136. The asset demonstrated an 83% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 1%.

The total market capitalization of Cloakcoin during the past 7-day oscillated between $1 210 176, the starting point that was established on September 9, and $1 665 040 on September 15, the end date of the reviewed period. Percentage-wise, the market capitalization of CLOAK has shifted by 38% in the past week. The price of the coin changed by 1% on the back of the 38% shift in its total market capitalization. Cloakcoin ’s market capitalization from the week before changed by 16%, as the result of fluctuation between $1 358 903 and $1 210 176, to give a clearer vision of the current state of the market.

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Article date: September 15 | September 9 - 15

Market reviews for similar coins for September 9 - 15