The torpid Leeds United Fan Token had its price rise only by 3% last week (August 30 - September 5).
The behavior of Leeds United Fan Token last week was characterized by the occurrence of upswings. The situation on the LUFC market shows that the underlying asset is currently experiencing a period of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The situation on the Leeds United Fan Token market allows us to characterise its volatility as mild. The average volatility of 6% was the reason why the price of LUFC didn't put up any significant gains. The most significant volatility occurred on August 30 and reached 7.89%. The price of the asset had fluctuated the least on September 3, when the volatility plummeted to 0.65%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.
The trading session on August 30 started with Leeds United Fan Token opening at $1.64 on the backdrop of neutral sentiment throughout the market. The price of LUFC took a 7% down downswing at the open of the weekly trading period. The price action of the coin remained on August 31 as the pushed the price up by 6%. The bears dominated the price action during the following trading period as the price drifted 2% to the downside, having established the low for the reviewed time frame at $1.56, while the high was recorded at $1.68. The trading volume on September 2 rendered support to the 2% bullish move of LUFC. After the open at $1.63, Leeds United Fan Token moved during September 3 in the range between the said open and the close at $1.61, having posted the 24H low at $1.61 and the 24H high at $1.72. The activity on the crypto coin's market on September 4 resulted in the asset being traded between $1.63, the open of the day, and $1.55, the close of the day; at some point, the price spiked to the daily high at $1.66 and briefly dropped to the daily low at $1.52. Most trading activity on September 5 occurred in the space between $1.52 and $1.56; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $1.52, though the bulls had also staged the rally to the 24H high at $1.62. The price action on the asset's market during the period between August 30 and September 5 topped at $1.72, while the bottom of the price range was established at $1.47. Leeds United Fan Token shaped the $0.04 price range over the week of price action, which constituted the 3% gap between the weekly low and the weekly high.
The past 7 days were marked by a change in average daily trading volume from $256 489 on August 30 to $235 104 on September 5. During the week before August 30, the trading volume of LUFC flowed from $215 681 to $273 778. The 4% trading volume fluctuation between August 30 and September 5, as compared with the previous period, served as a basis for a 3% price move.
The total market capitalization of Leeds United Fan Token during the past 7-day oscillated between $1 587 363, the starting point that was established on August 30, and $1 571 943 on September 5, the end date of the reviewed period. The percentage change in the total market capitalization of LUFC amounted to 1%. While the market capitalization of the coin was altered by 1%, its price has made a 3% change. The comparison with the Leeds United Fan Token market capitalization seen during the time period August 23 - August 29 that occurred before the observed one, which changed by 2%, from $1 701 948 to $1 666 120, allows us to get a clearer understanding of current market conditions.