Market analysis January 11 - January 17 : GEEQ posts a 17% rally.

The bullish behavior of GEEQ last week was characterized by the occurrence of upswings. GEEQ has been going through a period of medium volatility, which fell in line with the occurred price changes. 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.

GEEQ has been moving reservedly on the backdrop of average volatility. During the reviewed period, the volatility of GEEQ was in the middle register, averaging at 8%. The largest volatility for the given period occurred on January 11 and amounted to 10.37%. The asset has been the least volatile on January 15; at this time, the volatility stood at 0.16%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 8%.

During the opening day on January 11, GEEQ has had a 6% move to the downside. The price action of the coin remained on January 12 as the pushed the price up by 4%. The cautious traders dominated the price action on January 13, with the GEEQ market remaining flat. The next trading session was characterized by more bullish price action (as GEEQ made a 1% move) on the back of the consistent trading volume. GEEQ finalized the trading day of January 15 at $0.1 after opening it at $0.09, though the price broke through that corridor to hit the 24H high at $0.1 and the 24H low at $0.09. The activity on the crypto coin's market on January 16 resulted in the asset being traded between $0.1, the open of the day, and $0.11, the close of the day; at some point, the price spiked to the daily high at $0.12 and briefly dropped to the daily low at $0.1. Between the 24H high at $0.11 and the 24H low at $0.1, the coin was traded in the $0.11 - $0.11 price corridor. $0.09 was the bottom of price action for the week, though the price went to the high extreme at $0.12 over the same time period. The difference between the lowest and the highest price points for the week was 17%, as the price moved in the $0.02 wide corridor.

The trading activity on the GEEQ market over the past week - January 11 to January 17 - generated the average trading volume that went from $616 642 to $679 169. Over the week that came before the analyzed time span, the average trading volume of GEEQ ranged between $249 704 and $732 108. The 28% trading volume fluctuation between January 11 and January 17, as compared with the previous period, served as a basis for a 17% price move.

The past week saw the market capitalization of GEEQ making a shift from $3 231 742 on January 11 to $3 869 165 on January 17, the peak for the analyzed period. Percentage-wise, the market capitalization of GEEQ has shifted by 20% in the past week. While the market capitalization of the coin was altered by 20%, its price has made a 17% change. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $3 010 555 on January 4 and $3 536 121 on January 10, which translates to a 17% change.

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Article date: January 17 | January 11 - 17

Market reviews for similar coins for January 11 - 17