Coins
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LuaSwap
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2022-11-14

The November 8 - 14 market report: LuaSwap plunges by 45% as sellers apply more pressure.

The bearish behavior of LuaSwap last week was characterized by the occurrence of downswings. The price swings of LUA pointed to the presence of high volatility. The price action on the coin's market translated to the decline of market capitalization. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

The volatility of LuaSwap was at 37.54% on average, which caused noticeable price fluctuations. November 8 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 14 when this particular metric didn’t exceed 1.68%. When the volatility goes as high as 37.54%, the LUA market tends to be erratic and hard to predict.

On November 8, the LuaSwap market opened at $0.01, preceded by a period of bearish action. On November 9, the price of the coin has shifted by 20% from the daily open on the back of a good trading volume. On November 10, the market was moving to the downside as LuaSwap went 59% down from the low at $0.006 to the high at $0.02. The LUA market was up as the price shifted by 23% on November 11, against the backdrop of the sufficient trading volume. The price oscillation of LuaSwap on November 12 was in the $0.009 - $0.006 range; at the same time, the price stretched out to reach the 24H low at $0.006 and the 24H high at $0.009. While the 24H high and low on November 13 were at $0.009 and $0.006, respectively, the crypto coin had been traded in the area between the open at $0.006 and the close at $0.007. On the last day of the reviewed period, the coin was locked between $0.007 and $0.007, though the price managed to puncture these levels to reach the 24H high at $0.009 and the 24H low at $0.007. $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. The difference between the lowest and the highest price points for the week was 45%, as the price moved in the $0.006 wide corridor.

LuaSwap ’s average trading volume on the opening day of the observed time period, November 8, stood at $12 351, while on the closing day of the same period, it moved to $273. A more comprehensive analysis of LUA price action requires the comparison of the trading volume between November 8 and November 14 with that from the preceding week that demonstrated how the trading volume fluctuated between $7 921 and $62 811. Percentage-wise, the trading volume of the asset changed by 93%, in comparison to the previous period, while its price experienced a 45% adjustment.

The total capitalization of Bitcoin at the start of the analyzed time period (November 8) amounted to $2 347 548; by the end of that period (November 14), the capitalization went to $1 422 588. LUA experienced a 39% change in total market capitalization throughout the past seven days. When compared to the price fluctuations during the observed period of time, the 39% market capitalization movement was accompanied by a 45% change in the price of the coin. 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 $2 534 482 on November 1 and $2 388 393 on November 7, which translates to a 6% change.

Price
Volatility
Capitalization
Volume
Wed 09Fri 11Nov 13Wed 09Fri 11Nov 130.00600.00700.00800.00900.01000.01100.01200.00600.00700.00800.00900.01000.01100.0120
Article date: November 14 | November 8 - 14

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