The bulls muster more strength as Mobox rises by 16% from January 18 to January 24.
Between January 18 - January 24, Mobox has been mostly bullish as its price has been in the rising mode. MBOX 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 growth of market capitalization. The price action of the crypto coin last week took place on the back of increased trading volume.
The price action of Mobox has been contained due to modest volatility. The market analysis reveals that the mild average volatility of 10% restrained MBOX 's price swings. The most significant volatility occurred on January 18 and reached 9.75%. On January 22, the volatility of the asset was at its minimum at 0.52%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
On January 18, the first trading session of the reviewed time period, the market participants saw MBOX moving down by 11%. The market sentiment on January 19 stayed bearish as the coin obtained another 2%. Mobox posted the interim low at $0.45 on January 20 and then moved up by 1% and peaked at $0.45. The trading volume on January 21 rendered support to the 9% bullish move of MBOX. January 22 kicked off with Mobox trading opening at $0.49 and then closing the session at $0.5, establishing the 24H low at $0.48 and 24H high at $0.51 in the process. No changes were observed on the crypto coin's market on January 23. The coin found the deepest trough (24H low) at $0.49 on January 24 and then exploded to the ceiling (24H high) at $0.53; the price range for that day was between $0.49 and $0.52. The price action on the asset's market during the period between January 18 and January 24 topped at $0.53, while the bottom of the price range was established at $0.44. The difference between the lowest and the highest price points for the week was 16%, as the price moved in the $0.07 wide corridor.
Mobox ’s average trading volume on the opening day of the observed time period, January 18, stood at $8 704 772, while on the closing day of the same period, it moved to $12 448 949. In order to have a better grasp of the MBOX 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 $4 921 066 to $14 428 412. Percentage-wise, the trading volume of the asset changed by 8%, in comparison to the previous period, while its price experienced a 16% adjustment.
Bitcoin began the observed period January 18 - January 24, with the market capitalization of $83 332 704 and finalized it at the market capitalization level of $85 365 636. The rate of percentage change for the last week for MBOX was 2%. The said 2% percentage change in market capitalization of the coin was accompanied by the 16% fluctuation in the price of the underlying asset. A better understanding of the lay of the land on the Mobox market requires a comparison with the preceding week when the total market capitalization of Mobox changed by 9% as it went from $74 767 898 to $83 332 704.