A 6% price increase last week (January 12 - January 18) confirms the bullishness of MetaverseX.
The upward movement of the MetaverseX price last week indicates the chosen market is bullish. The volatility of METAX has been low throughout the reviewed period in correspondence with the price action. 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 price action of MetaverseX is in a stalemate due to low volatility during the observed period. Our data shows that the average volatility of METAX didn't exceed 0.02%, which is why its price remained constrained. The maximum volatility of the coin stood at 4.54% in the analyzed time frame. The weakest volatility level of 0.02% on the asset's market was registered on January 17. The crypto coin's low volatility of 0.02% points to the weakness of all market participants.
There were no gains or losses to the METAX market on January 12, it remained flat. The market sentiment on January 13 stayed bullish as the coin obtained another 1%. MetaverseX posted the interim low at $0.081 on January 14 and then moved down by 3% and peaked at $0.086. On January 16, METAX market moved by 3% in the bearish direction in concert with the trading volume. The developments on the MetaverseX market on January 16 started with the price opening at $0.08 and subsequently moving to $0.08, the close of the day, while dropping to the 24H low at $0.08 and spiking to the 24H high at $0.08. No changes were observed on the crypto coin's market on January 17. As for the occurrences on January 18, the price of the coin bottomed at $0.08 and peaked at $0.09, while its daily range formed between $0.08 and $0.08. Over the course of all trading sessions, the asset established the weekly low at $0.08 while buyers managed to push the price up to the weekly high at $0.09. MetaverseX shaped the $0.004 price range over the week of price action, which constituted the 6% gap between the weekly low and the weekly high.
The trading activity on the MetaverseX market over the past week - January 12 to January 18 - generated the average trading volume that went from $13 410 to $14 329. During the week before January 12, the trading volume of METAX flowed from $12 336 to $14 433. The 5% trading volume fluctuation between January 12 and January 18, as compared with the previous period, served as a basis for a 6% price move.
METAX 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. MetaverseX market capitalization from the week before experienced no change, as a result there were no price fluctuations.