DODO exploded by 16% in the period of January 18 - January 24 as the buyers got an upper hand.

The analysis of last week’s price action shows that the DODO market is in the bullish phase since the price has been moving upward. The price swings of DODO pointed to the presence of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

The price action of DODO has been contained due to modest volatility. Our comprehensive data indicates that the price change of DODO has been moderate on the back of the average volatility of 13% for the given time period. The volatility of the coin reached its highest point at 14.15% during the observed period. 0.04% was the rock bottom for the asset's volatility that was reached on January 22. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

During the opening day on January 18, DODO has had a 9% move to the downside. The 2% move in the downward direction took place on the second day after the weekly open. During the following trading period on January 20, the price of DODO oscillated between the low at $0.11 and the high at $0.11, while the price moved up by 2%. Over the next trading period (on January 21), DODO was moving up by 14% on the back of a congruous trading volume. On January 22, DODO finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on January 23. On the last day of the reviewed period, the coin was locked between $0.13 and $0.13, though the price managed to puncture these levels to reach the 24H high at $0.13 and the 24H low at $0.13. During the reviewed time period, the asset was able to achieve the weekly high at $0.13, though at a certain point, the bear pressurized the price down to the weekly low at $0.11. The price action on the weekly time frame made DODO within the 16% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.02.

The past 7 days were marked by a change in average daily trading volume from $6 209 502 on January 18 to $7 440 672 on January 24. We can draw the comparison with the period of 7 days that preceded the reviewed one when DODO ’s trading volume varied from $4 712 434 to $9 055 241. The asset demonstrated an 27% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 16%.

DODO had its total market capitalization change from $49 944 732 on January 18 to $53 044 659 on January 24, the end of the examined time frame. The rate of percentage change for the last week for DODO was 6%. While the market capitalization of the coin was altered by 6%, its price has made a 16% change. A better understanding of the lay of the land on the DODO market requires a comparison with the preceding week when the total market capitalization of DODO changed by 13% as it went from $44 136 449 to $49 944 732.

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Article date: January 24 | January 18 - 24

Market reviews for similar coins for January 18 - 24