The bulls muster more strength as Moonriver rises by 38% from February 13 to February 19.
The bullish behavior of Moonriver last week was characterized by the occurrence of upswings. The volatility associated with the MOVR market was medium, as were its price fluctuations. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of increased trading volume.
The price action of Moonriver has been contained due to modest volatility. Our comprehensive data indicates that the price change of MOVR has been moderate on the back of the average volatility of 8% for the given time period. The coin has hit the highest point of volatility on February 13. 4.15% was the rock bottom for the asset's volatility that was reached on February 17. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
Moonriver began the day on February 13 at $8.84, while the broad background was bullish. The losses of MOVR after the weekly open on February 13 amounted to 9%. The price action of the coin remained on February 14 as the pushed the price up by 3%. The bulls dominated the price action during the following trading period as the price drifted 3% to the upside, having established the low for the reviewed time frame at $8.36, while the high was recorded at $8.83. Over the next trading period (on February 16), MOVR was moving up by 6% on the back of a congruous trading volume. Moonriver finalized the trading day of February 17 at $10.51 after opening it at $9.39, though the price broke through that corridor to hit the 24H high at $10.51 and the 24H low at $8.74. While the 24H high and low on February 18 were at $12.71 and $10.45, respectively, the crypto coin had been traded in the area between the open at $10.45 and the close at $11.69. As for the occurrences on February 19, the price of the coin bottomed at $11.05 and peaked at $11.66, while its daily range formed between $11.66 and $11.15. The highest point of the price action over the week was at $12.71 - the weekly low during the same period was established at $7.97. Traders saw Moonriver covering the $3.08 distance between the weekly low and the weekly high, which constituted for a 38% move.
Moonriver ’s average trading volume on the opening day of the observed time period, February 13, stood at $3 275 104, while on the closing day of the same period, it moved to $49 514 642. In order to have a better grasp of the MOVR 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 $1 203 525 to $14 945 663. The average trading volume of the asset fluctuated by 137% by comparison with the previous period, whereas the price change of 38% took place over the same period of time.
The past week saw the market capitalization of Moonriver making a shift from $52 856 906 on February 13 to $71 479 620 on February 19, the peak for the analyzed period. When translated to percentage rate, the market capitalization of MOVR over the past week adjusted by 35%. As a consequence of the 35% fluctuation in its market capitalization, the price of the coin changed by 38%. During the week before the analyzed time frame, the market capitalization of Moonriver moved by 2% as it went from $54 787 842 to $56 077 355, and gave a better understanding of the general direction in which this market is flowing.