The bulls muster more strength as FLOOF rises by 146% from January 11 to January 17.
The analysis of last week’s price action shows that the FLOOF market is in the bullish phase since the price has been moving upward. FLOOF was caught in a period of high volatility, which was reflected in its price action. There has been a rise in the market capitalization of the asset during the period under review. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
Due to the active price action, the average volatility of FLOOF jumped to 83.64%. The highest volatility was recorded on January 11 - it amounted to 83.64%. The coin's market was the least volatile on January 17 when this particular metric didn’t exceed 4.87%. 83.64% is too high a volatility for the FLOOF market to be considered stable and easily predictable.
While the overall situation on the FLOOF market was bullish, the trading session on January 11 kicked off at the $0.00000005 price level. The price of FLOOF took a 8% down downswing at the open of the weekly trading period. The price action of the coin remained on January 12 as the pushed the price up by 20%. The price range of FLOOF formed between $0.00000006 and $0.00000009 on January 13 as the price traveled 26% up. The next trading session was characterized by more bullish price action (as FLOOF made a 87% move) on the back of the consistent trading volume. The price range of FLOOF on January 15 formed between $0.0000001 and $0.0000001, whereas the daily price extremities were $0.00000011 and $0.00000017. The activity on the crypto coin's market on January 16 resulted in the asset being traded between $0.0000001, the open of the day, and $0.0000001, the close of the day; at some point, the price spiked to the daily high at $0.00000015 and briefly dropped to the daily low at $0.00000012. As for the occurrences on January 17, the price of the coin bottomed at $0.00000012 and peaked at $0.00000015, while its daily range formed between $0.0000002 and $0.0000001. During the reviewed time period, the asset was able to achieve the weekly high at $0.0000002, though at a certain point, the bear pressurized the price down to the weekly low at $0.00000005. FLOOF shaped the $0.00000007 price range over the week of price action, which constituted the 146% gap between the weekly low and the weekly high.
The trading activity on the FLOOF market over the past week - January 11 to January 17 - generated the average trading volume that went from $76.39 to $377. A more comprehensive analysis of FLOOF price action requires the comparison of the trading volume between January 11 and January 17 with that from the preceding week that demonstrated how the trading volume fluctuated between $136 and $5 106. The 69% trading volume fluctuation between January 11 and January 17, as compared with the previous period, served as a basis for a 146% price move.
The past week saw the market capitalization of FLOOF making a shift from $946 on January 11 to $2 741 on January 17, the peak for the analyzed period. 190% was the calculated percentage change for the FLOOF market over the past week. When compared to the price fluctuations during the observed period of time, the 190% market capitalization movement was accompanied by a 146% change in the price of the coin. A more precise analysis of the FLOOF market also requires a comparison with the change in market capitalization from the week before, which amounted to 75% on the back of the move from $4 386 to $1 098.