Gains Farm

Gains Farm market outlook from March 10 - March 16 :the price surges by 44%.

The analysis of last week’s price action shows that the Gains Farm market is in the bullish phase since the price has been moving upward. The price swings of GFARM2 pointed to the presence of medium volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.

The situation on the Gains Farm market allows us to characterise its volatility as mild. During the reviewed period, the volatility of GFARM2 was in the middle register, averaging at 18%. The coin has hit the highest point of volatility on March 10. The asset's volatility was at its lowest on March 14 when it dropped to 1.19%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 18%.

The opening price of Gains Farm was at $6 823 on March 10, with buyers having a more visible presence on the market. The first day of price action was marked by the 6% move to the downside from the point where the trading session opened. March 11 saw the coin going another 2% since the open, supported by the corresponding trading volume. During the next trading day, the rate of change in the price of Gains Farm stood at 3% having reached the low at $6 060 and the high at $6 467 as the advantage remained on the side of buyers. On March 13, the value of GFARM2 was in the range, with the market remaining flat. On March 14, Gains Farm finished the trading day with no changes to the flatlined market. The crypto coin opened the trading session on March 15 at $7 210 and finalized it at $7 656; the highest point of price action was at $8 173, the lowest was detected at $7 173. On the last day of the reviewed period, the coin was locked between $7 486 and $9 179, though the price managed to puncture these levels to reach the 24H high at $9 194 and the 24H low at $7 486. During the reviewed time period, the asset was able to achieve the weekly high at $9 194, though at a certain point, the bear pressurized the price down to the weekly low at $6 060. Traders saw Gains Farm covering the $2 792 distance between the weekly low and the weekly high, which constituted for a 44% move.

The past 7 days were marked by a change in average daily trading volume from $2 220 on March 10 to $18 798 on March 16. Over the week that came before the analyzed time span, the average trading volume of GFARM2 ranged between $3 138 and $14 029. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 12%, and the 44% price shift.

The total market capitalization of Gains Farm during the past 7-day oscillated between $235 842 214, the starting point that was established on March 10, and $269 265 189 on March 16, the end date of the reviewed period. 14% was the calculated percentage change for the GFARM2 market over the past week. The 14% change in the coin's market capitalization affected the price rate that saw a 44% shift in the same time period. A more precise analysis of the Gains Farm market also requires a comparison with the change in market capitalization from the week before, which amounted to 2% on the back of the move from $267 606 439 to $261 703 507.

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Article date: March 16 | March 10 - 16

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