Coins
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LuaSwap
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2022-11-12

The market crumbled last week (November 6 - November 12) as LuaSwap lost 53%.

The analysis of last week’s price action shows that the LuaSwap market is in the bearish phase since the price has been moving downward. The situation on the LUA market shows that the underlying asset is currently experiencing a period of high volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

The volatility of LuaSwap was at 37.54% on average, which caused noticeable price fluctuations. November 6 was the day when the asset was the most volatile, with the volatility going as high as 37.54%. The coin's market was the least volatile on November 12 when this particular metric didn’t exceed 1.89%. The present volatility of 37.54% renders the LUA market unstable with the possibility of violent price swings.

The price of LUA took a 3% down downswing at the open of the weekly trading period. The coin market was down by 4% on November 7, the second day of the reviewed time period. On November 8, the market was moving to the downside as LuaSwap went 4% down from the low at $0.012 to the high at $0.016. Over the next trading period (on November 9), LUA was moving down by 20% on the back of a congruous trading volume. LuaSwap finalized the trading day of November 10 at $0.006 after opening it at $0.02, though the price broke through that corridor to hit the 24H high at $0.02 and the 24H low at $0.006. The activity on the crypto coin's market on November 11 resulted in the asset being traded between $0.006, the open of the day, and $0.008, the close of the day; at some point, the price spiked to the daily high at $0.02 and briefly dropped to the daily low at $0.006. On the last day of the reviewed period, the coin was locked between $0.009 and $0.006, though the price managed to puncture these levels to reach the 24H high at $0.009 and the 24H low at $0.006. $0.006 was the bottom of price action for the week, though the price went to the high extreme at $0.02 over the same time period. LuaSwap bounced 53% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.007.

As for the average trading volume in the time slot between November 6 and November 12, the LuaSwap market registered the change from $61 601 to $2 056. A more comprehensive analysis of LUA price action requires the comparison of the trading volume between November 6 and November 12 with that from the preceding week that demonstrated how the trading volume fluctuated between $4 179 and $32 898. The 306% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 53%.

Bitcoin began the observed period November 6 - November 12, with the market capitalization of $2 471 713 and finalized it at the market capitalization level of $1 686 179. 32% was the calculated percentage change for the LUA market over the past week. As a consequence of the 32% fluctuation in its market capitalization, the price of the coin changed by 53%. 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 $2 498 066 on October 30 and $2 544 573 on November 5, which translates to a 2% change.

Price
Volatility
Capitalization
Volume
Mon 07Wed 09Fri 11Mon 07Wed 09Fri 110.0060.0080.0100.0120.0140.0060.0080.0100.0120.014
Article date: November 12 | November 6 - 12

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