A 26% price appreciation seen on the Flow market between February 11 and February 17.
The analysis of last week’s price action shows that the Flow market is in the bullish phase since the price has been moving upward. The situation on the FLOW market shows that the underlying asset is currently experiencing a period of medium volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
While the volatility remains restrained, Flow isn't making any explosive moves. During the reviewed period, the volatility of FLOW was in the middle register, averaging at 8%. The coin was the most volatile on February 11, when the range of its price fluctuations reached 9.32%. 0% was the rock bottom for the asset's volatility that was reached on February 15. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
The losses of FLOW after the weekly open on February 11 amounted to 1%. The coin market was up by 6% on February 12, the second day of the reviewed time period. The bears dominated the price action during the following trading period as the price drifted 7% to the downside, having established the low for the reviewed time frame at $0.97, while the high was recorded at $1.07. The trading volume on February 14 rendered support to the 3% bullish move of FLOW. February 15 kicked off with Flow trading opening at $1.03 and then closing the session at $1.09, establishing the 24H low at $1.02 and 24H high at $1.09 in the process. The price action on February 16 saw the crypto coin moving along the following route: starting point at $1.11 and closing point at $1.18, while it also deviated to establish the high of the day at $1.2 and the low of the day at $1.11. The coin found the deepest trough (24H low) at $1.11 on February 17 and then exploded to the ceiling (24H high) at $1.29; the price range for that day was between $1.18 and $1.29. The price action on the asset's market during the period between February 11 and February 17 topped at $1.29, while the bottom of the price range was established at $0.97. Traders saw Flow covering the $0.27 distance between the weekly low and the weekly high, which constituted for a 26% move.
The trading activity on the Flow market over the past week - February 11 to February 17 - generated the average trading volume that went from $39 310 564 to $84 373 916. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the FLOW market had its volume ranging between $40 377 233 and $108 732 991. The asset demonstrated an 29% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 26%.
Flow had its total market capitalization change from $1 061 242 044 on February 11 to $1 144 313 052 on February 17, the end of the examined time frame. The percentage change in the total market capitalization of FLOW amounted to 8%. When compared to the price fluctuations during the observed period of time, the 8% market capitalization movement was accompanied by a 26% change in the price of the coin. A more precise analysis of the Flow market also requires a comparison with the change in market capitalization from the week before, which amounted to 14% on the back of the move from $1 230 283 281 to $1 057 512 747.