A 11% price appreciation seen on the Cloakcoin market between September 11 and September 17.
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. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
The considerable chops and changes in the price of Cloakcoin resulted in average volatility of 54.88%. The largest volatility percentage during the given time span was 54.88% - it occurred on September 11. The quietest period on the coin's market happened on September 17 as the volatility failed to surpass the 0.6% mark. 54.88% is too high a volatility for the CLOAK market to be considered stable and easily predictable.
The price of CLOAK took a 7% up upswing at the open of the weekly trading period. The market sentiment on September 12 stayed bullish as the coin obtained another 17%. The bears dominated the price action during the following trading period as the price drifted 10% to the downside, having established the low for the reviewed time frame at $0.26, while the high was recorded at $0.32. The trading volume on September 14 rendered support to the 47% bearish move of CLOAK. The developments on the Cloakcoin market on September 15 started with the price opening at $0.27 and subsequently moving to $0.23, the close of the day, while dropping to the 24H low at $0.23 and spiking to the 24H high at $0.23. While the 24H high and low on September 16 were at $0.28 and $0.14, respectively, the crypto coin had been traded in the area between the open at $0.26 and the close at $0.24. Between the 24H high at $0.26 and the 24H low at $0.21, the coin was traded in the $0.24 - $0.26 price corridor. The price action on the asset's market during the period between September 11 and September 17 topped at $0.32, while the bottom of the price range was established at $0.14. Cloakcoin shaped the $0.03 price range over the week of price action, which constituted the 11% gap between the weekly low and the weekly high.
In the period September 11 - September 17, the trading volume of Cloakcoin went from $1 480 on the first day of the reviewed period to $624 on the closing day. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the CLOAK market had its volume ranging between $107 and $1 136. The asset demonstrated an 52% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 11%.
The past week saw the market capitalization of Cloakcoin making a shift from $1 429 756 on September 11 to $1 296 303 on September 17, the peak for the analyzed period. 9% was the calculated percentage change for the CLOAK market over the past week. While the market capitalization of the coin was altered by 9%, its price has made a 11% change. During the week before the analyzed time frame, the market capitalization of Cloakcoin moved by 14% as it went from $1 225 685 to $1 394 116, and gave a better understanding of the general direction in which this market is flowing.