February 28 - March 6 price action review: LAW goes down by 10%.
The downward movement of the LAW price last week indicates the chosen market is bearish. LAW was caught in a period of low 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 current state of affairs on the cryptocurrency market allows us to draw the conclusion that LAW is now going through the cycle of low volatility. The insignificant movement of the LAW market came as the result of low average volatility that amounted to 0.48%. 3.71% was the maximum volatility that the coin managed to showcase on March 4. The price action on the asset's market was the weakest on March 5 when the volatility was at 0.48%, the minimum for the given period of time. The volatility of 0.48% is too low for the crypto coin to engage in any attention-worthy price action.
The bears were dictating the terms on the LAW market on February 28 - the trading session opened at $0.11. During the opening day on February 28, LAW has had a 1% move to the downside. On March 1 the coin market stayed neutral, with no changes in the price. On March 2, the market was moving to the downside as LAW went 3% down from the low at $0.11 to the high at $0.11. The trading volume on March 3 rendered support to the 4% bearish move of LAW. The price range of LAW on March 4 formed between $0.1 and $0.1, whereas the daily price extremities were $0.102 and $0.106. The price action on March 5 saw the crypto coin moving along the following route: starting point at $0.1 and closing point at $0.1, while it also deviated to establish the high of the day at $0.103 and the low of the day at $0.101. Between the 24H high at $0.1 and the 24H low at $0.1, the coin was traded in the $0.1 - $0.1 price corridor. The asset posted the weekly low at $0.1, while the top of the weekly trading session was registered at $0.11. The price action on the weekly time frame made LAW within the 10% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.01.
As for the average trading volume in the time slot between February 28 and March 6, the LAW market registered the change from $373 to $413. During the week before February 28, the trading volume of LAW flowed from $1.88 to $599. The asset demonstrated an 89% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 10%.
LAW 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. LAW market capitalization from the week before experienced no change, as a result there were no price fluctuations.