March 12 - March 18 market watch: Flow goes up by 19% as buying pressure persists.

The price of Flow was rising last from March 12 until March 18, giving enough reason to conclude that the market is. The volatility associated with the FLOW market was medium, as were its price fluctuations. The asset saw its market capitalization growing over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the increasing trading volume.

The situation on the Flow market allows us to characterise its volatility as mild. The average volatility of 9% was the reason why the price of FLOW didn't put up any significant gains. The volatility of the coin reached its highest point at 12% during the observed period. The asset's volatility was at its lowest on March 16 when it dropped to 1.92%. The crypto coin's market didn't put up any surprises due to mild average volatility of 9%.

On March 12, the first trading session of the reviewed time period, the market participants saw FLOW moving up by 5%. March 13 saw the coin going another 13% since the open, supported by the corresponding trading volume. During the following trading period on March 14, the price of Flow oscillated between the low at $0.97 and the high at $1.07, while the price moved up by 7%. The trading volume on March 15 rendered support to the 7% bearish move of FLOW. The price range of Flow on March 16 formed between $0.97 and $0.99, whereas the daily price extremities were $0.97 and $1. The crypto coin opened the trading session on March 17 at $1.01 and finalized it at $1.04; the highest point of price action was at $1.07, the lowest was detected at $0.99. Most trading activity on March 18 occurred in the space between $1.05 and $1.06; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $1.04, though the bulls had also staged the rally to the 24H high at $1.11. Over the course of all trading sessions, the asset established the weekly low at $0.85 while buyers managed to push the price up to the weekly high at $1.11. The difference between the lowest and the highest price points for the week was 19%, as the price moved in the $0.17 wide corridor.

The past 7 days were marked by a change in average daily trading volume from $20 623 554 on March 12 to $40 661 856 on March 18. A more comprehensive analysis of FLOW price action requires the comparison of the trading volume between March 12 and March 18 with that from the preceding week that demonstrated how the trading volume fluctuated between $11 804 788 and $31 021 856. The average trading volume of the asset fluctuated by 71% by comparison with the previous period, whereas the price change of 19% took place over the same period of time.

The past week saw the market capitalization of Flow making a shift from $898 137 840 on March 12 to $1 111 807 011 on March 18, the peak for the analyzed period. The rate of percentage change for the last week for FLOW was 24%. When compared to the price fluctuations during the observed period of time, the 24% market capitalization movement was accompanied by a 19% change in the price of the coin. The comparison with the Flow market capitalization seen during the time period March 5 - March 11 that occurred before the observed one, which changed by 17%, from $1 099 332 201 to $912 528 993, allows us to get a clearer understanding of current market conditions.

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Article date: March 18 | March 12 - 18

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