January 9 - January 15 market watch: Degen goes up by 23% as buying pressure persists.
The bullish behavior of Degen last week was characterized by the occurrence of upswings. The volatility associated with the DEGN market was high, as were its price fluctuations. 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.
Due to the active price action, the average volatility of Degen jumped to 35.44%. January 9 was the day when the asset was the most volatile, with the volatility going as high as 35.44%. The lowest volatility for the given period was spotted on January 15 and reached 0%. The present volatility of 35.44% is indicative of unstable market conditions.
The first day of price action was marked by the 12% move to the upside from the point where the trading session opened. January 10 saw the coin going another 56% since the open, supported by the corresponding trading volume. The cautious traders dominated the price action on January 11, with the Degen market remaining flat. On January 12, the value of DEGN was in the range, with the market remaining flat. After the open at $0.000001, Degen moved during January 13 in the range between the said open and the close at $0.0000007, having posted the 24H low at $0.0000007 and the 24H high at $0.000001. On January 14, the crypto coin showcased the following price fluctuations: the trading session began at $0.0000007 and then traveled from the low of the day at $0.0000007 to the high of the day at $0.000001, closing at $0.000001. As for the occurrences on January 15, the price of the coin bottomed at $0.0000009 and peaked at $0.000001, while its daily range formed between $0.000001 and $0.000001. The highest point of the price action over the week was at $0.000001 - the weekly low during the same period was established at $0.0000004. Traders saw Degen covering the $0.0000002 distance between the weekly low and the weekly high, which constituted for a 23% move.
Degen ’s average trading volume on the opening day of the observed time period, January 9, stood at $55.79, while on the closing day of the same period, it moved to $15.36. Over the week that came before the analyzed time span, the average trading volume of DEGN ranged between $1.88 and $1 842. The asset demonstrated an 85% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 23%.
DEGN 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. Degen market capitalization from the week before experienced no change, as a result there were no price fluctuations.