Kala retraces by 4% in the period February 24 - March 2 as the market turns slightly bearish.
The analysis of last week’s price action shows that the Kala market is in the bearish phase since the price has been moving downward. The price swings of KALA pointed to the presence of medium volatility. 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 situation on the Kala market allows us to characterise its volatility as mild. We established that KALA didn't showcase any significant price action due to the market's mild average volatility of 10%. The coin has hit the highest point of volatility on February 24. The asset has been the least volatile on February 28; at this time, the volatility stood at 0.5%. Since the volatility of 10% can be deemed as mild, the crypto coin's market can be characterised as composed.
Kala began the day on February 24 at $0.0002, while the broad background was bearish. On February 24, the first trading session of the reviewed time period, the market participants saw KALA moving down by 8%. The coin market was down by 1% on February 25, the second day of the reviewed time period. On February 26, the market was moving to the downside as Kala went 3% down from the low at $0.0002 to the high at $0.00023. The KALA market was down as the price shifted by 8% on February 27, against the backdrop of the sufficient trading volume. The developments on the Kala market on February 28 started with the price opening at $0.0002 and subsequently moving to $0.0002, the close of the day, while dropping to the 24H low at $0.0002 and spiking to the 24H high at $0.0002. While the 24H high and low on March 1 were at $0.0002 and $0.0002, respectively, the crypto coin had been traded in the area between the open at $0.0002 and the close at $0.0002. 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 $0.0002 and the 24H low at $0.0002. $0.0002 was the bottom of price action for the week, though the price went to the high extreme at $0.0002 over the same time period. As a result of price action within the designated time period, the price movement range on the Kala market was established at $0.000008 or 4% between the weekly low and the weekly high.
Kala ’s average trading volume on the opening day of the observed time period, February 24, stood at $300, while on the closing day of the same period, it moved to $187. In order to have a better grasp of the KALA market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $116 to $862. The 6% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 4%.
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.