Flow market outlook from March 10 - March 16 :the price surges by 16%.
Flow has been last week as its price has been predominantly rising. The price swings of FLOW pointed to the presence of medium volatility. The price action on the coin's market translated to the growth of market capitalization. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
The volatility has been suppressed, as the Flow price action suggests. We established that FLOW didn't showcase any significant price action due to the market's mild average volatility of 10%. The most significant volatility occurred on March 10 and reached 12%. The price of the asset had fluctuated the least on March 14, when the volatility plummeted to 1.07%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
Flow began the day on March 10 at $0.93, while the broad background was neutral. The losses of FLOW after the weekly open on March 10 amounted to 7%. The 1% move in the downward direction took place on the second day after the weekly open. During the following trading period on March 12, the price of Flow oscillated between the low at $0.85 and the high at $0.89, while the price moved up by 5%. On March 14, FLOW market moved by 13% in the bullish direction in concert with the trading volume. The price range of Flow on March 14 formed between $0.99 and $1.06, whereas the daily price extremities were $0.97 and $1.07. While the 24H high and low on March 15 were at $1.06 and $0.97, respectively, the crypto coin had been traded in the area between the open at $1.04 and the close at $0.97. The coin found the deepest trough (24H low) at $0.97 on March 16 and then exploded to the ceiling (24H high) at $1; the price range for that day was between $0.97 and $0.99. The asset posted the weekly low at $0.83, while the top of the weekly trading session was registered at $1.07. Flow shaped the $0.14 price range over the week of price action, which constituted the 16% gap between the weekly low and the weekly high.
The past 7 days were marked by a change in average daily trading volume from $26 051 441 on March 10 to $57 312 851 on March 16. Over the week that came before the analyzed time span, the average trading volume of FLOW ranged between $11 804 788 and $31 021 856. The 73% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 16%.
The change in the total market capitalization of Flow from March 10 to March 16 was as follows: on March 10, the capitalization was at $920 726 472, while on March 16, it reached the level of $1 008 176 401. 9% was the calculated percentage change for the FLOW market over the past week. While the market capitalization of the coin was altered by 9%, its price has made a 16% change. Flow ’s market capitalization from the week before changed by 17%, as the result of fluctuation between $1 185 651 286 and $920 726 472, to give a clearer vision of the current state of the market.