Restrained price action on January 18 to January 24 as Float Protocol: Float moves up by only 3%.
The upward movement of the Float Protocol: Float price last week indicates the chosen market is bullish. FLOAT has been going through a period of low volatility, which fell in line with the occurred price changes. 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.
According to our market analysis, the weak price movement of Float Protocol: Float was dictated by low volatility. The average volatility of FLOAT was as low as 0.2%, causing the dull price action. 4.16% was the maximum volatility that the coin managed to showcase on January 22. The price action on the asset's market was the weakest on January 23 when the volatility was at 0.2%, the minimum for the given period of time. The volatility of 0.2% is too low for the crypto coin to engage in any attention-worthy price action.
On January 18, the Float Protocol: Float market opened at $0.81, preceded by a period of bullish action. During the opening day on January 18, FLOAT has had a 1% move to the downside. On January 19 the coin market stayed neutral, with no changes in the price. During the following trading period on January 20, the price of Float Protocol: Float oscillated between the low at $0.82 and the high at $0.85, while the price moved up by 3%. The next trading session was characterized by more bullish price action (as FLOAT made a 1% move) on the back of the consistent trading volume. On January 22, Float Protocol: Float finished the trading day with no changes to the flatlined market. On January 23, the crypto coin showcased the following price fluctuations: the trading session began at $0.82 and then traveled from the low of the day at $0.82 to the high of the day at $0.82, closing at $0.82. On the last day of the reviewed period, the coin was locked between $0.81 and $0.82, though the price managed to puncture these levels to reach the 24H high at $0.82 and the 24H low at $0.81. Over the course of all trading sessions, the asset established the weekly low at $0.78 while buyers managed to push the price up to the weekly high at $0.87. The difference between the lowest and the highest price points for the week was 3%, as the price moved in the $0.02 wide corridor.
In the period January 18 - January 24, the trading volume of Float Protocol: Float went from $5 757 on the first day of the reviewed period to $225 on the closing day. Over the week that came before the analyzed time span, the average trading volume of FLOAT ranged between $70.63 and $17 138. Percentage-wise, the trading volume of the asset changed by 2%, in comparison to the previous period, while its price experienced a 3% adjustment.
FLOAT 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. Float Protocol: Float market capitalization from the week before experienced no change, as a result there were no price fluctuations.