Last week’s (September 3 - September 9) irresolute Leeds United Fan Token : the price moved up no more than 1%.
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. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The situation on the Leeds United Fan Token market allows us to characterise its volatility as mild. We established that LUFC didn't showcase any significant price action due to the market's mild average volatility of 11%. The most significant volatility occurred on September 3 and reached 13.29%. The asset's volatility was at its lowest on September 7 when it dropped 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 first day of price action was marked by the 1% move to the downside from the point where the trading session opened. The price action of the coin remained on September 4 as the pushed the price down by 5%. The price range of Leeds United Fan Token formed between $1.52 and $1.62 on September 5 as the price traveled 3% up. On September 7, LUFC market moved by 4% in the bearish direction in concert with the trading volume. The developments on the Leeds United Fan Token market on September 7 started with the price opening at $1.48 and subsequently moving to $1.47, the close of the day, while dropping to the 24H low at $1.42 and spiking to the 24H high at $1.42. The trading period on September 8 saw the crypto coin forming the price amplitude between the open at $1.48 and the close at $1.43, also interacting with $1.42 (24H low) and $1.42 (24H high). September 9 presented us with the following price action data: the coin opened the period at $1.44 and went on to establish the low at $1.44 and the high of the day at $1.67 before closing the day at $1.62. The asset posted the weekly low at $1.42, while the top of the weekly trading session was registered at $1.72. As a result of price action within the designated time period, the price movement range on the Leeds United Fan Token market was established at $0.01 or 1% between the weekly low and the weekly high.
The trading activity on the Leeds United Fan Token market over the past week - September 3 to September 9 - generated the average trading volume that went from $244 784 to $206 830. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the LUFC market had its volume ranging between $215 681 and $283 979. The average trading volume of the asset fluctuated by 9% by comparison with the previous period, whereas the price change of 1% took place over the same period of time.
Leeds United Fan Token had its total market capitalization change from $1 641 688 on September 3 to $1 453 387 on September 9, the end of the examined time frame. LUFC experienced a 11% change in total market capitalization throughout the past seven days. The said 11% percentage change in market capitalization of the coin was accompanied by the 1% fluctuation in the price of the underlying asset. In the preceding week, August 27 - September 2, the market capitalization of Leeds United Fan Token got a 2% adjustment ($1 550 674 to $1 579 537) in comparison to a 11% change last week; this allows getting a deeper insight into the market structure.