The capitulation of December 20 - December 26 : Documentchain experienced a 25% dive.
The bullish behavior of Documentchain last week was characterized by the occurrence of downswings. The volatility of DMS has been high throughout the reviewed period in correspondence with the price action. 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.
We have established that the average volatility of Documentchain was at 48.94% in concert with its rapid price change. The largest volatility percentage during the given time span was 48.94% - it occurred on December 20. The coin's market was the least volatile on December 26 when this particular metric didn’t exceed 0.11%. When the volatility goes as high as 48.94%, the DMS market tends to be erratic and hard to predict.
While the overall situation on the Documentchain market was bullish, the trading session on December 20 kicked off at the $0.004 price level. The gains of DMS after the weekly open on December 20 amounted to 49%. On December 21 the coin market stayed neutral, with no changes in the price. During the next trading day, the rate of change in the price of Documentchain stood at 32% having reached the low at $0.004 and the high at $0.007 as the advantage remained on the side of sellers. The next trading session was characterized by more bullish price action (as DMS made a 1% move) on the back of the consistent trading volume. On December 24, Documentchain finished the trading day with no changes to the flatlined market. The price action on December 25 saw the crypto coin moving along the following route: starting point at $0.005 and closing point at $0.005, while it also deviated to establish the high of the day at $0.005 and the low of the day at $0.005. The coin's market saw no changes on December 26, as the market flatlined. Over the course of all trading sessions, the asset established the weekly low at $0.004 while buyers managed to push the price up to the weekly high at $0.007. The price action on the weekly time frame made Documentchain within the 25% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.002.
In the period December 20 - December 26, the trading volume of Documentchain went from $31.83 on the first day of the reviewed period to $3.4 on the closing day. During the week before December 20, the trading volume of DMS flowed from $8.49 to $87.62. The asset demonstrated an 60% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 25%.
DMS 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. Documentchain market capitalization from the week before experienced no change, as a result there were no price fluctuations.