A 16% price appreciation seen on the Flow market between February 10 and February 16.
Flow has been last week as its price has been predominantly rising. The volatility associated with the FLOW market was medium, as were its price fluctuations. 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.
The volatility has been suppressed, as the Flow price action suggests. The market analysis reveals that the mild average volatility of 7% restrained FLOW 's price swings. The coin was the most volatile on February 10, when the range of its price fluctuations reached 8.26%. On February 14, the volatility of the asset was at its minimum at 0%. The crypto coin's market didn't put up any surprises due to mild average volatility of 7%.
While the overall situation on the Flow market was neutral, the trading session on February 10 kicked off at the $1.01 price level. During the opening day on February 10, FLOW has had a 1% move to the upside. The coin market was down by 1% on February 11, the second day of the reviewed time period. Flow posted the interim low at $1.02 on February 12 and then moved up by 6% and peaked at $1.08. The trading volume on February 13 rendered support to the 7% bearish move of FLOW. The developments on the Flow market on February 14 started with the price opening at $1 and subsequently moving to $1.03, the close of the day, while dropping to the 24H low at $1 and spiking to the 24H high at $1. The trading period on February 15 saw the crypto coin forming the price amplitude between the open at $1.03 and the close at $1.09, also interacting with $1.02 (24H low) and $1.02 (24H high). On the last day of the reviewed period, the coin was locked between $1.11 and $1.18, though the price managed to puncture these levels to reach the 24H high at $1.2 and the 24H low at $1.11. During the reviewed time period, the asset was able to achieve the weekly high at $1.2, though at a certain point, the bear pressurized the price down to the weekly low at $0.97. As a result of price action within the designated time period, the price movement range on the Flow market was established at $0.16 or 16% between the weekly low and the weekly high.
Flow ’s average trading volume on the opening day of the observed time period, February 10, stood at $88 789 014, while on the closing day of the same period, it moved to $62 588 468. In order to have a better grasp of the FLOW market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $40 377 233 to $108 732 991. The asset demonstrated an 23% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 16%.
Bitcoin began the observed period February 10 - February 16, with the market capitalization of $1 057 512 747 and finalized it at the market capitalization level of $1 196 910 885. FLOW experienced a 13% change in total market capitalization throughout the past seven days. While the market capitalization of the coin was altered by 13%, its price has made a 16% change. Flow ’s market capitalization from the week before changed by 3%, as the result of fluctuation between $1 153 288 181 and $1 057 512 747, to give a clearer vision of the current state of the market.