February 17 - February 23 price action recap: Keep Network sees a weak 2% gain as the buyers take a step back.
The behavior of Keep Network last week was characterized by the occurrence of upswings. The situation on the KEEP market shows that the underlying asset is currently experiencing a period of low volatility. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of increased trading volume.
The price action of Keep Network is in a stalemate due to low volatility during the observed period. Our data shows that the average volatility of KEEP didn't exceed 1.73%, which is why its price remained constrained. The maximum volatility of the coin stood at 6.88% in the analyzed time frame. On February 22, the asset didn't make any noticeable price movements as its volatility dropped to the lowest level at 1.73%. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.
During the opening day on February 17, KEEP has had a 3% move to the downside. On February 18, the price of the coin has shifted by 1% from the daily open on the back of a good trading volume. Keep Network posted the interim low at $0.19 on February 19 and then moved up by 3% and peaked at $0.21. The trading volume on February 20 rendered support to the 4% bullish move of KEEP. After the open at $0.21, Keep Network moved during February 21 in the range between the said open and the close at $0.2, having posted the 24H low at $0.2 and the 24H high at $0.21. The activity on the crypto coin's market on February 22 resulted in the asset being traded between $0.2, the open of the day, and $0.19, the close of the day; at some point, the price spiked to the daily high at $0.2 and briefly dropped to the daily low at $0.191. On the last day of the reviewed period, the coin was locked between $0.19 and $0.2, though the price managed to puncture these levels to reach the 24H high at $0.2 and the 24H low at $0.19. The asset posted the weekly low at $0.19, while the top of the weekly trading session was registered at $0.22. The difference between the lowest and the highest price points for the week was 2%, as the price moved in the $0.004 wide corridor.
The past 7 days were marked by a change in average daily trading volume from $91 800 on February 17 to $114 166 on February 23. During the week before February 17, the trading volume of KEEP flowed from $50 467 to $296 076. The 30% 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 2%.
The total market capitalization of Keep Network during the past 7-day oscillated between $104 673 728, the starting point that was established on February 17, and $106 622 298 on February 23, the end date of the reviewed period. The rate of percentage change for the last week for KEEP was 2%. The said 2% percentage change in market capitalization of the coin was accompanied by the 2% fluctuation in the price of the underlying asset. A better understanding of the lay of the land on the Keep Network market requires a comparison with the preceding week when the total market capitalization of Keep Network changed by 6% as it went from $102 407 157 to $104 673 728.