Documentchain exploded by 21% in the period of January 10 - January 16 as the buyers got an upper hand.
The price of Documentchain was rising last from January 10 until January 16, giving enough reason to conclude that the market is bullish. The volatility associated with the DMS market was medium, 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.
The unfolding situation in the Documentchain market suggests that the reviewed digital asset is in the stage of mild volatility. Given that the average volatility on the DMS market didn't exceed 12%, the price action remained limited. The highest point of the coin's volatility reached 12.03% in the analyzed time frame. The asset has been the least volatile on January 14; at this time, the volatility stood at 0.26%. Since the volatility of 12% can be deemed as mild, the crypto coin's market can be characterised as composed.
During the opening day on January 10, DMS has had a 12% move to the downside. On January 11 the coin market stayed neutral, with no changes in the price. During the following trading period on January 12, the price of Documentchain oscillated between the low at $0.004 and the high at $0.0049, while the price moved up by 8%. 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. After the open at $0.005, Documentchain moved during January 14 in the range between the said open and the close at $0.005, having posted the 24H low at $0.004 and the 24H high at $0.005. No changes were observed on the crypto coin's market on January 15. On the last day of the reviewed period, the coin was locked between $0.005 and $0.006, though the price managed to puncture these levels to reach the 24H high at $0.0055 and the 24H low at $0.0054. During the reviewed time period, the asset was able to achieve the weekly high at $0.006, though at a certain point, the bear pressurized the price down to the weekly low at $0.004. Documentchain shaped the $0.001 price range over the week of price action, which constituted the 21% gap between the weekly low and the weekly high.
Over the period of the last 7 days, January 10 to January 16, Documentchain saw its average trading volume fluctuate between $11.46 and $3.63. In order to have a better grasp of the DMS market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $2.33 to $59.25. The asset demonstrated an 27% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 21%.
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.