January 18 - January 24 price action review: MeDIA eYe goes down by 8%.
The analysis of last week’s price action shows that the MeDIA eYe market is in the phase since the price has been moving downward. EYE was caught in a period of medium volatility, which was reflected in its price action. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin last week took place on the back of decreased trading volume.
While the volatility remains restrained, MeDIA eYe isn't making any explosive moves. We established that EYE didn't showcase any significant price action due to the market's mild average volatility of 8%. The most significant volatility occurred on January 18 and reached 8.28%. 0.33% was the rock bottom for the asset's volatility that was reached on January 22. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
The coin market was down by 8% on January 19, the second day of the reviewed time period. The cautious traders dominated the price action on January 20, with the MeDIA eYe market remaining flat. EYE ’s performance during January 21 was the following: the price increased by 2% in conjunction with the acceptable trading volume. On January 22, MeDIA eYe finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on January 23. The coin found the deepest trough (24H low) at $0.0009 on January 24 and then exploded to the ceiling (24H high) at $0.0009; the price range for that day was between $0.0009 and $0.0009. The highest point of the price action over the week was at $0.001 - the weekly low during the same period was established at $0.0009. MeDIA eYe shaped the $0.00008 price range over the week of price action, which constituted the 8% gap between the weekly low and the weekly high.
Over the period of the last 7 days, January 18 to January 24, MeDIA eYe saw its average trading volume fluctuate between $51 886 and $51 379. During the week before January 18, the trading volume of EYE flowed from $49 061 to $70 415. The 5% trading volume fluctuation between January 18 and January 24, as compared with the previous period, served as a basis for a 8% price move.
MeDIA eYe had its total market capitalization change from $101 676 on January 18 to $83 871 on January 24, the end of the examined time frame. The percentage change in the total market capitalization of EYE amounted to 18%. As a consequence of the 18% fluctuation in its market capitalization, the price of the coin changed by 8%. 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 $81 530 on January 11 and $102 978 on January 17, which translates to a 26% change.