The January 18 - 24 market report: MDsquare plunges by 20% as sellers apply more pressure.
The bearish behavior of MDsquare last week was characterized by the occurrence of downswings. The price swings of TMED pointed to the presence of medium volatility. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
The volatility has been suppressed, as the MDsquare price action suggests. The average volatility of 14% was the reason why the price of TMED didn't put up any significant gains. The volatility of the coin reached its highest point at 11.11% during the observed period. The asset's volatility was at its lowest on January 22 when it dropped to 0%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
The first day of price action was marked by the 11% move to the upside from the point where the trading session opened. January 19 saw the coin going another 10% since the open, supported by the corresponding trading volume. The cautious traders dominated the price action on January 20, with the MDsquare market remaining flat. On January 22, TMED market moved by 11% in the bearish direction in concert with the trading volume. On January 22, MDsquare finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on January 23. Most trading activity on January 24 occurred in the space between $0.000009 and $0.000008; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.000005, though the bulls had also staged the rally to the 24H high at $0.000009. $0.000005 was the bottom of price action for the week, though the price went to the high extreme at $0.00001 over the same time period. As a result of price action within the designated time period, the price movement range on the MDsquare market was established at $0.000002 or 20% between the weekly low and the weekly high.
Over the period of the last 7 days, January 18 to January 24, MDsquare saw its average trading volume fluctuate between $2 718 and $7 292. In order to have a better grasp of the TMED market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $2 481 to $5 893. The asset demonstrated an 21% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 20%.
TMED experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. MDsquare market capitalization from the week before experienced no change, as a result there were no price fluctuations.