Market analysis March 7 - March 13 : Documentchain posts a 22% rally.
The upward movement of the Documentchain price last week indicates the chosen market is. The price swings of DMS pointed to the presence of high volatility. 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 considerable chops and changes in the price of Documentchain resulted in average volatility of 29.33%. March 7 was the day when the asset was the most volatile, with the volatility going as high as 29.33%. The lowest volatility for the given period was spotted on March 13 and reached 4.73%. The present volatility of 29.33% renders the DMS market unstable with the possibility of violent price swings.
The gains of DMS after the weekly open on March 7 amounted to 16%. The 30% move in the upward direction took place on the second day after the weekly open. The price range of Documentchain formed between $0.004 and $0.007 on March 9 as the price traveled 11% up. Over the next trading period (on March 10), DMS was moving down by 5% on the back of a congruous trading volume. Documentchain finalized the trading day of March 11 at $0.006 after opening it at $0.006, though the price broke through that corridor to hit the 24H high at $0.006 and the 24H low at $0.004. The crypto coin opened the trading session on March 12 at $0.006 and finalized it at $0.006; the highest point of price action was at $0.007, the lowest was detected at $0.004. March 13 presented us with the following price action data: the coin opened the period at $0.006 and went on to establish the low at $0.006 and the high of the day at $0.008 before closing the day at $0.007. During the reviewed time period, the asset was able to achieve the weekly high at $0.008, though at a certain point, the bear pressurized the price down to the weekly low at $0.004. Traders saw Documentchain covering the $0.001 distance between the weekly low and the weekly high, which constituted for a 22% move.
The past 7 days were marked by a change in average daily trading volume from $21.21 on March 7 to $5.29 on March 13. During the week before March 7, the trading volume of DMS flowed from $0.95 to $12.56. Percentage-wise, the trading volume of the asset changed by 100%, in comparison to the previous period, while its price experienced a 22% adjustment.
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.