A 19% drop on the Kala market last week (February 15 - February 21) signals that the sellers are gaining strength.
The bearish behavior of Kala last week was characterized by the occurrence of downswings. KALA was caught in a period of high volatility, which was reflected in its price action. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
The considerable chops and changes in the price of Kala resulted in average volatility of 25.41%. The asset was the most volatile on February 15 when the registered volatility shot up to 25.41%. The coin's market was the least volatile on February 21 when this particular metric didn’t exceed 1.67%. 25.41% is too high a volatility for the KALA market to be considered stable and easily predictable.
The bears were dictating the terms on the Kala market on February 15 - the trading session opened at $0.0003. On February 15, the first trading session of the reviewed time period, the market participants saw KALA moving up by 4%. The price action of the coin remained on February 16 as the pushed the price down by 26%. The bulls dominated the price action during the following trading period as the price drifted 1% to the upside, having established the low for the reviewed time frame at $0.00026, while the high was recorded at $0.0003. On February 19, KALA market moved by 11% in the bearish direction in concert with the trading volume. The developments on the Kala market on February 19 started with the price opening at $0.0002 and subsequently moving to $0.0003, the close of the day, while dropping to the 24H low at $0.00022 and spiking to the 24H high at $0.00022. The activity on the crypto coin's market on February 20 resulted in the asset being traded between $0.0003, the open of the day, and $0.0002, the close of the day; at some point, the price spiked to the daily high at $0.00026 and briefly dropped to the daily low at $0.00023. On the last day of the reviewed period, the coin was locked between $0.0002 and $0.0002, though the price managed to puncture these levels to reach the 24H high at $0.00024 and the 24H low at $0.00022. $0.0002 was the bottom of price action for the week, though the price went to the high extreme at $0.0003 over the same time period. Traders saw Kala covering the $0.00006 distance between the weekly low and the weekly high, which constituted for a 19% move.
As for the average trading volume in the time slot between February 15 and February 21, the Kala market registered the change from $503 to $185. We can draw the comparison with the period of 7 days that preceded the reviewed one when KALA ’s trading volume varied from $7.7 to $1 478. Percentage-wise, the trading volume of the asset changed by 29%, in comparison to the previous period, while its price experienced a 19% adjustment.
KALA experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. Kala market capitalization from the week before experienced no change, as a result there were no price fluctuations.