Dragonchain(drgn)market reviews and price predictions
Dragonchain market statement for 2023-03-17
Yesterday the price of drgn stood at $0.01. The market capitalization of the asset was $4 892 729. Dragonchain’s volatility was established at 2.06%. The trading volume of the coin reached $50 884.
Dragonchain prognosis for the next days:
We estimate the price of Dragonchain to be $0.01 tomorrow 2023-03-23 and $0.01 on 2023-03-29;
We estimate the market capitalization of Dragonchain to reach $3 917 229 tomorrow 2023-03-23 and $4 302 966 on 2023-03-25;
We estimate the volatility of Dragonchain to become 5.62% tomorrow 2023-03-23 and 5.71% on 2023-03-25;
We estimate the trading volume of Dragonchain to amount to $25 303 tomorrow 2023-03-23 and $29 489 on 2023-03-25.
Our recommendation for the pair DRGN/USD for tomorrow, 2023-03-23, to sell.
March 11 - March 17 market watch: Dragonchain goes up by 29% as buying pressure persists.
The analysis of last week’s price action shows that the Dragonchain market is in the phase since the price has been moving upward. The price swings of DRGN pointed to the presence of medium volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
The market crumbled last week (March 2 - March 8) as Dragonchain lost 14%.
The analysis of last week’s price action shows that the Dragonchain market is in the bearish phase since the price has been moving downward. The price swings of DRGN pointed to the presence of medium volatility. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin last week took place on the back of decreased trading volume.
The bears stepped up a gear on March 1 - March 7, dropping the price of Dragonchain by 9%.
The downward movement of the Dragonchain price last week indicates the chosen market is bearish. DRGN was caught in a period of medium volatility, which was reflected in its price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The capitulation of February 28 - March 6 : Dragonchain experienced a 12% dive.
The analysis of last week’s price action shows that the Dragonchain market is in the bearish phase since the price has been moving downward. The volatility of DRGN has been medium throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
February 27 - March 5 price action review: Dragonchain goes down by 8%.
The price of Dragonchain was falling last from February 27 until March 5, giving enough reason to conclude that the market is bearish. The volatility associated with the DRGN market was low, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
Slightly bearish : traders witnessed Dragonchain moving down 5% from February 23 till March 1.
The price of Dragonchain was falling last from February 23 until March 1, giving enough reason to conclude that the market is. DRGN was caught in a period of low volatility, which was reflected in its price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Dragonchain market stayed flat from February 22 - February 28.
Dragonchain portrayed neutral behavior last week, with no changes in the price. The volatility of DRGN has been low throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been decreasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Bearish price action on February 16 to February 22 resulted in Dragonchain by 6%.
Between February 16 - February 22, Dragonchain has been mostly bullish as its price has been in the falling mode. The volatility associated with the DRGN market was medium, as were its price fluctuations. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of decreased trading volume.
Restrained price action on February 15 to February 21 as Dragonchain moves up by only 5%.
The upward movement of the Dragonchain price last week indicates the chosen market is bullish. The price swings of DRGN pointed to the presence of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The price action of the crypto coin last week took place on the back of increased trading volume.
Market analysis February 13 - February 19 : Dragonchain posts a 11% rally.
Between February 13 - February 19, Dragonchain has been mostly bullish as its price has been in the rising mode. The situation on the DRGN market shows that the underlying asset is currently experiencing a period of medium volatility. The price action on the coin's market translated to the growth of market capitalization. The price action of the crypto coin from last week stemmed from the increasing trading volume.