March 11 - March 17 market watch: Flow goes up by 23% as buying pressure persists.
Flow has been last week as its price has been predominantly rising. 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 rising. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
The volatility has been suppressed, as the Flow price action suggests. The market analysis reveals that the mild average volatility of 9% restrained FLOW 's price swings. The largest volatility for the given period occurred on March 11 and amounted to 12%. The asset has been the least volatile on March 15; at this time, the volatility stood at 1.07%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
The were dictating the terms on the Flow market on March 11 - the trading session opened at $0.86. The price of FLOW took a 1% down downswing at the open of the weekly trading period. March 12 saw the coin going another 5% since the open, supported by the corresponding trading volume. During the next trading day, the rate of change in the price of Flow stood at 13% having reached the low at $0.89 and the high at $1 as the advantage remained on the side of buyers. Over the next trading period (on March 14), FLOW was moving up by 7% on the back of a congruous trading volume. The price oscillation of Flow on March 15 was in the $1.04 - $0.97 range; at the same time, the price stretched out to reach the 24H low at $0.97 and the 24H high at $1.06. The trading period on March 16 saw the crypto coin forming the price amplitude between the open at $0.97 and the close at $0.99, also interacting with $0.97 (24H low) and $0.97 (24H high). On the last day of the reviewed period, the coin was locked between $1.01 and $1.04, though the price managed to puncture these levels to reach the 24H high at $1.07 and the 24H low at $0.99. Over the course of all trading sessions, the asset established the weekly low at $0.83 while buyers managed to push the price up to the weekly high at $1.07. The difference between the lowest and the highest price points for the week was 23%, as the price moved in the $0.19 wide corridor.
In the period March 11 - March 17, the trading volume of Flow went from $30 495 290 on the first day of the reviewed period to $21 954 752 on the closing day. We can draw the comparison with the period of 7 days that preceded the reviewed one when FLOW ’s trading volume varied from $11 804 788 to $31 021 856. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 67%, and the 23% price shift.
Bitcoin began the observed period March 11 - March 17, with the market capitalization of $912 528 993 and finalized it at the market capitalization level of $1 039 711 840. The rate of percentage change for the last week for FLOW was 14%. As a consequence of the 14% fluctuation in its market capitalization, the price of the coin changed by 23%. A better understanding of the lay of the land on the Flow market requires a comparison with the preceding week when the total market capitalization of Flow changed by 17% as it went from $1 115 645 108 to $912 528 993.