The capitulation of March 1 - March 7 : Kala experienced a 19% dive.
The price of Kala was falling last from March 1 until March 7, giving enough reason to conclude that the market is bearish. The situation on the KALA market shows that the underlying asset is currently experiencing a period 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 price action of Kala has been contained due to modest volatility. The market analysis reveals that the mild average volatility of 16% restrained KALA 's price swings. The volatility of the coin reached its highest point at 15.58% during the observed period. The asset's volatility was at its lowest on March 5 when it dropped to 0%. The crypto coin's market didn't put up any surprises due to mild average volatility of 16%.
The gains of KALA after the weekly open on March 1 amounted to 1%. On March 2, the price of the coin has shifted by 1% from the daily open on the back of a good trading volume. During the following trading period on March 3, the price of Kala oscillated between the low at $0.00014 and the high at $0.0002, while the price moved down by 16%. On March 4, the value of KALA was in the range, with the market remaining flat. Kala finalized the trading day of March 5 at $0.0002 after opening it at $0.0002, though the price broke through that corridor to hit the 24H high at $0.00017 and the 24H low at $0.00015. The trading period on March 6 saw the crypto coin forming the price amplitude between the open at $0.0002 and the close at $0.0002, also interacting with $0.0002 (24H low) and $0.0002 (24H high). March 7 presented us with the following price action data: the coin opened the period at $0.0001 and went on to establish the low at $0.0001 and the high of the day at $0.0002 before closing the day at $0.0002. Over the course of all trading sessions, the asset established the weekly low at $0.0001 while buyers managed to push the price up to the weekly high at $0.0002. Kala shaped the $0.00004 price range over the week of price action, which constituted the 19% gap between the weekly low and the weekly high.
The past 7 days were marked by a change in average daily trading volume from $413 on March 1 to $99.53 on March 7. During the week before March 1, the trading volume of KALA flowed from $116 to $887. The 21% 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 19%.
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.