Flow market stayed flat from February 22 - February 28.
Flow portrayed neutral behavior last week, with no changes in the price. The situation on the FLOW market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The unfolding situation in the Flow market suggests that the reviewed digital asset is in the stage of mild volatility. The market analysis reveals that the mild average volatility of 8% restrained FLOW 's price swings. The volatility of the coin reached its highest point at 9.77% during the observed period. The asset's volatility was at its lowest on February 26 when it dropped to 0%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.
While the overall situation on the Flow market was neutral, the trading session on February 22 kicked off at the $1.32 price level. On February 22, the first trading session of the reviewed time period, the market participants saw FLOW moving down by 9%. The 2% move in the upward direction took place on the second day after the weekly open. The price range of Flow formed between $1.17 and $1.23 on February 24 as the price traveled 4% down. The trading volume on February 25 rendered support to the 3% bullish move of FLOW. After the open at $1.19, Flow moved during February 26 in the range between the said open and the close at $1.21, having posted the 24H low at $1.17 and the 24H high at $1.22. On February 27, the crypto coin showcased the following price fluctuations: the trading session began at $1.22 and then traveled from the low of the day at $1.19 to the high of the day at $1.24, closing at $1.2. The coin's market saw no changes on February 28, as the market flatlined. Throughout the reviewed time period, no changes were observed on the asset's market. There was no difference between the lowest and highest price points for the observed week, with the Flow market flatlining.
The past 7 days were marked by a change in average daily trading volume from $102 859 460 on February 22 to $38 905 732 on February 28. 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 $37 906 914 to $196 858 284. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 44%, and the 0% price shift.
The total market capitalization of Flow during the past 7-day oscillated between $1 356 734 465, the starting point that was established on February 22, and $1 254 466 112 on February 28, the end date of the reviewed period. FLOW experienced a 8% change in total market capitalization throughout the past seven days. As a consequence of the 8% fluctuation in its market capitalization, the price of the coin changed by 0%. In the preceding week, February 15 - February 21, the market capitalization of Flow got a 33% adjustment ($1 084 170 372 to $1 437 735 375) in comparison to a 8% change last week; this allows getting a deeper insight into the market structure.