EagleCoin slid down by 4% last week (December 20 - December 26) as the sellers pushed back.

EagleCoin has been last week as its price has been predominantly falling. ELC was caught in a period of low volatility, which was reflected in its 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.

The price action of EagleCoin is in a stalemate due to low volatility during the observed period. With the average volatility being as low as 0.03%, ELC was incapable of making any sizable price swings. The most significant price swings occurred on December 24, when the volatility of the coin was at its highest for the given period at 5.19%. The quietest period on the asset's market was recorded on December 24, when the volatility dropped to the minimum at 0.03%. The crypto coin's low volatility of 0.03% points to the weakness of all market participants.

There were no gains or losses to the ELC market on December 20, it remained flat. The coin market was down by 5% on December 21, the second day of the reviewed time period. The cautious traders dominated the price action on December 22, with the EagleCoin market remaining flat. The trading volume on December 23 rendered support to the 3% bearish move of ELC. On December 24, EagleCoin 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 $0.01 and closing point at $0.01, while it also deviated to establish the high of the day at $0.0108 and the low of the day at $0.0106. Between the 24H high at $0.0109 and the 24H low at $0.0108, the coin was traded in the $0.01 - $0.01 price corridor. The asset posted the weekly low at $0.011, while the top of the weekly trading session was registered at $0.012. The difference between the lowest and the highest price points for the week was 4%, as the price moved in the $0.0005 wide corridor.

The trading activity on the EagleCoin market over the past week - December 20 to December 26 - generated the average trading volume that went from $728 to $158. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the ELC market had its volume ranging between $132 and $664. The 23% trading volume fluctuation between December 20 and December 26, as compared with the previous period, served as a basis for a 4% price move.

ELC 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. EagleCoin market capitalization from the week before experienced no change, as a result there were no price fluctuations.

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Article date: December 26 | December 20 - 26

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