Market analysis September 16 - September 22 : Leeds United Fan Token posts a 21% rally.
The analysis of last week’s price action shows that the Leeds United Fan Token market is in the bullish phase since the price has been moving upward. The volatility of LUFC has been medium throughout the reviewed period in correspondence with the price action. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The unfolding situation in the Leeds United Fan Token market suggests that the reviewed digital asset is in the stage of mild volatility. During the reviewed period, the volatility of LUFC was in the middle register, averaging at 6%. The volatility of the coin reached its highest point at 8.19% during the observed period. The asset saw its volatility drop to the lowest level for the given period on September 20 as it shrank to 0.57%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
The gains of LUFC after the weekly open on September 16 amounted to 4%. The coin market was up by 7% on September 17, the second day of the reviewed time period. During the next trading day, the rate of change in the price of Leeds United Fan Token stood at 1% having reached the low at $1.71 and the high at $1.84 as the advantage remained on the side of sellers. The LUFC market was up as the price shifted by 7% on September 19, against the backdrop of the sufficient trading volume. The price oscillation of Leeds United Fan Token on September 20 was in the $1.85 - $1.77 range; at the same time, the price stretched out to reach the 24H low at $1.76 and the 24H high at $1.91. The price action on September 21 saw the crypto coin moving along the following route: starting point at $1.76 and closing point at $1.83, while it also deviated to establish the high of the day at $1.89 and the low of the day at $1.63. Between the 24H high at $2 and the 24H low at $1.66, the coin was traded in the $1.74 - $1.98 price corridor. The price action on the asset's market during the period between September 16 and September 22 topped at $2, while the bottom of the price range was established at $1.54. Leeds United Fan Token bounced 21% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.35.
Over the period of the last 7 days, September 16 to September 22, Leeds United Fan Token saw its average trading volume fluctuate between $221 289 and $266 273. Over the week that came before the analyzed time span, the average trading volume of LUFC ranged between $206 830 and $257 610. The average trading volume of the asset fluctuated by 21% by comparison with the previous period, whereas the price change of 21% took place over the same period of time.
Leeds United Fan Token had its total market capitalization change from $1 515 153 on September 16 to $1 677 482 on September 22, the end of the examined time frame. When translated to percentage rate, the market capitalization of LUFC over the past week adjusted by 11%. When compared to the price fluctuations during the observed period of time, the 11% market capitalization movement was accompanied by a 21% change in the price of the coin. A more precise analysis of the Leeds United Fan Token market also requires a comparison with the change in market capitalization from the week before, which amounted to 5% on the back of the move from $1 453 387 to $1 526 672.