September 8 - September 14 price action recap: Leeds United Fan Token sees a weak 5% gain as the buyers take a step back.
The behavior of Leeds United Fan Token last week was characterized by the occurrence of upswings. The volatility associated with the LUFC market was medium, as were its price fluctuations. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin from last week stemmed from the increasing trading volume.
The volatility has been suppressed, as the Leeds United Fan Token price action suggests. The average volatility of 10% was the reason why the price of LUFC didn't put up any significant gains. The volatility of the coin reached its highest point at 13.29% during the observed period. The price of the asset had fluctuated the least on September 12, when the volatility plummeted to 1.23%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 10%.
While the overall situation on the Leeds United Fan Token market was neutral, the trading session on September 8 kicked off at the $1.48 price level. During the opening day on September 8, LUFC has had a 3% move to the downside. The coin market was up by 13% on September 9, the second day of the reviewed time period. The bears dominated the price action during the following trading period as the price drifted 3% to the downside, having established the low for the reviewed time frame at $1.53, while the high was recorded at $1.65. Over the next trading period (on September 11), LUFC was moving up by 6% on the back of a congruous trading volume. After the open at $1.64, Leeds United Fan Token moved during September 12 in the range between the said open and the close at $1.62, having posted the 24H low at $1.56 and the 24H high at $1.71. On September 13, the crypto coin showcased the following price fluctuations: the trading session began at $1.61 and then traveled from the low of the day at $1.54 to the high of the day at $1.67, closing at $1.64. On the last day of the reviewed period, the coin was locked between $1.61 and $1.5, though the price managed to puncture these levels to reach the 24H high at $1.65 and the 24H low at $1.48. $1.42 was the bottom of price action for the week, though the price went to the high extreme at $1.75 over the same time period. Traders saw Leeds United Fan Token covering the $0.07 distance between the weekly low and the weekly high, which constituted for a 5% move.
In the period September 8 - September 14, the trading volume of Leeds United Fan Token went from $214 114 on the first day of the reviewed period to $257 610 on the closing day. 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 $215 690 and $283 979. Percentage-wise, the trading volume of the asset changed by 5%, in comparison to the previous period, while its price experienced a 5% adjustment.
The change in the total market capitalization of Leeds United Fan Token from September 8 to September 14 was as follows: on September 8, the capitalization was at $1 490 808, while on September 14, it reached the level of $1 556 837. When translated to percentage rate, the market capitalization of LUFC over the past week adjusted by 4%. While the market capitalization of the coin was altered by 4%, its price has made a 5% change. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $1 612 399 on September 1 and $1 428 770 on September 7, which translates to a 11% change.