The market crumbled last week (February 27 - March 5) as Flow lost 12%.
The price of Flow was falling last from February 27 until March 5, giving enough reason to conclude that the market is bearish. The situation on the FLOW market shows that the underlying asset is currently experiencing a period of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The situation on the Flow market allows us to characterise its volatility as mild. During the reviewed period, the volatility of FLOW was in the middle register, averaging at 5%. The volatility of the coin reached its highest point at 6.14% during the observed period. On March 3, 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 5%.
The losses of FLOW after the weekly open on February 27 amounted to 2%. On February 28 the coin market stayed neutral, with no changes in the price. The bears dominated the price action during the following trading period as the price drifted 1% to the downside, having established the low for the reviewed time frame at $1.15, while the high was recorded at $1.2. The next trading session was characterized by more price action (as FLOW made a 3% move) on the back of the consistent trading volume. The price range of Flow on March 3 formed between $1.14 and $1.07, whereas the daily price extremities were $1.05 and $1.15. The trading period on March 4 saw the crypto coin forming the price amplitude between the open at $1.07 and the close at $1.06, also interacting with $1.06 (24H low) and $1.06 (24H high). The coin found the deepest trough (24H low) at $1.03 on March 5 and then exploded to the ceiling (24H high) at $1.08; the price range for that day was between $1.04 and $1.06. Over the course of all trading sessions, the asset established the weekly low at $1.03 while buyers managed to push the price up to the weekly high at $1.24. The difference between the lowest and the highest price points for the week was 12%, as the price moved in the $0.14 wide corridor.
The trading activity on the Flow market over the past week - February 27 to March 5 - generated the average trading volume that went from $33 620 233 to $14 017 699. 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 $40 326 971 and $142 685 065. The 70% trading volume fluctuation between February 27 and March 5, as compared with the previous period, served as a basis for a 12% price move.
Flow had its total market capitalization change from $1 272 730 611 on February 27 to $1 099 332 201 on March 5, the end of the examined time frame. Percentage-wise, the market capitalization of FLOW has shifted by 14% in the past week. The 14% change in the coin's market capitalization affected the price rate that saw a 12% shift in the same time period. During the week before the analyzed time frame, the market capitalization of Flow moved by 9% as it went from $1 381 740 197 to $1 260 760 896, and gave a better understanding of the general direction in which this market is flowing.