Slightly bearish : traders witnessed Gains Farm moving down 3% from February 21 till February 27.
The analysis of last week’s price action shows that the Gains Farm market is in the phase since the price has been moving downward. The volatility associated with the GFARM2 market was medium, as were its price fluctuations. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The volatility has been suppressed, as the Gains Farm price action suggests. Given that the average volatility on the GFARM2 market didn't exceed 6%, the price action remained limited. The highest point of the coin's volatility reached 7.97% in the analyzed time frame. On February 25, the volatility of the asset was at its minimum at 1.4%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
On February 21, the first trading session of the reviewed time period, the market participants saw GFARM2 moving down by 3%. The coin market was down by 6% on February 22, the second day of the reviewed time period. The price range of Gains Farm formed between $8 287 and $9 031 on February 23 as the price traveled 8% up. The trading volume on February 24 rendered support to the 5% bearish move of GFARM2. The developments on the Gains Farm market on February 25 started with the price opening at $8 580 and subsequently moving to $8 286, the close of the day, while dropping to the 24H low at $8 220 and spiking to the 24H high at $8 220. The crypto coin opened the trading session on February 26 at $8 262 and finalized it at $8 457; the highest point of price action was at $8 457, the lowest was detected at $8 210. As for the occurrences on February 27, the price of the coin bottomed at $8 517 and peaked at $8 594, while its daily range formed between $8 517 and $8 575. $8 210 was the bottom of price action for the week, though the price went to the high extreme at $9 354 over the same time period. The difference between the lowest and the highest price points for the week was 3%, as the price moved in the $253 wide corridor.
In the period February 21 - February 27, the trading volume of Gains Farm went from $3 405 on the first day of the reviewed period to $53.43 on the closing day. A more comprehensive analysis of GFARM2 price action requires the comparison of the trading volume between February 21 and February 27 with that from the preceding week that demonstrated how the trading volume fluctuated between $56.41 and $117 949. Percentage-wise, the trading volume of the asset changed by 73%, in comparison to the previous period, while its price experienced a 3% adjustment.
The total market capitalization of Gains Farm during the past 7-day oscillated between $319 542 722, the starting point that was established on February 21, and $307 282 109 on February 27, the end date of the reviewed period. GFARM2 experienced a 4% change in total market capitalization throughout the past seven days. The 4% change in the coin's market capitalization affected the price rate that saw a 3% shift in the same time period. In the preceding week, February 14 - February 20, the market capitalization of Gains Farm got a 41% adjustment ($234 331 960 to $330 372 456) in comparison to a 4% change last week; this allows getting a deeper insight into the market structure.