The buyers controlled the Moonriver market between February 10 and February 16 as the price grew by 9%.
The upward movement of the Moonriver price last week indicates the chosen market is bullish. The situation on the MOVR market shows that the underlying asset is currently experiencing a period of medium volatility. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of increased trading volume.
The situation on the Moonriver market allows us to characterise its volatility as mild. The average volatility of 8% was the reason why the price of MOVR didn't put up any significant gains. The most significant volatility occurred on February 10 and reached 9.11%. 1.25% was the rock bottom for the asset's volatility that was reached on February 14. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 8%.
The bears were dictating the terms on the Moonriver market on February 10 - the trading session opened at $8.8. The price of MOVR took a 2% down downswing at the open of the weekly trading period. The coin market was up by 1% on February 11, the second day of the reviewed time period. The bulls dominated the price action during the following trading period as the price drifted 2% to the upside, having established the low for the reviewed time frame at $8.71, while the high was recorded at $8.96. Over the next trading period (on February 13), MOVR was moving down by 9% on the back of a congruous trading volume. The price oscillation of Moonriver on February 14 was in the $8.15 - $8.43 range; at the same time, the price stretched out to reach the 24H low at $8.15 and the 24H high at $8.43. The trading period on February 15 saw the crypto coin forming the price amplitude between the open at $8.49 and the close at $8.78, also interacting with $8.36 (24H low) and $8.36 (24H high). Most trading activity on February 16 occurred in the space between $8.93 and $9.45; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $8.93, though the bulls had also staged the rally to the 24H high at $9.45. During the reviewed time period, the asset was able to achieve the weekly high at $9.45, though at a certain point, the bear pressurized the price down to the weekly low at $7.97. Traders saw Moonriver covering the $0.79 distance between the weekly low and the weekly high, which constituted for a 9% move.
In the period February 10 - February 16, the trading volume of Moonriver went from $14 945 663 on the first day of the reviewed period to $3 923 515 on the closing day. A more comprehensive analysis of MOVR price action requires the comparison of the trading volume between February 10 and February 16 with that from the preceding week that demonstrated how the trading volume fluctuated between $1 722 388 and $6 973 915. The average trading volume of the asset fluctuated by 12% by comparison with the previous period, whereas the price change of 9% took place over the same period of time.
The past week saw the market capitalization of Moonriver making a shift from $54 873 361 on February 10 to $56 741 150 on February 16, the peak for the analyzed period. The rate of percentage change for the last week for MOVR was 3%. As a consequence of the 3% fluctuation in its market capitalization, the price of the coin changed by 9%. In the preceding week, February 3 - February 9, the market capitalization of Moonriver got a 13% adjustment ($53 139 550 to $59 990 708) in comparison to a 3% change last week; this allows getting a deeper insight into the market structure.