February 20 - February 26 price action review: Moonriver goes down by 10%.

Moonriver has been last week as its price has been predominantly falling. MOVR has been going through a period of low volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin from last week stemmed from the decreasing trading volume.

The volatility is low on the Moonriver market, as the latest data suggests. With the average volatility being as low as 1.88%, MOVR was incapable of making any sizable price swings. Despite the overall weak performance, the volatility of the coin had its highest point at 6.18%. On February 25, the asset didn't make any noticeable price movements as its volatility dropped to the lowest level at 1.88%. The unimpressive volatility of 1.88% showcases the overall weakness of the crypto coin.

On February 20, the first trading session of the reviewed time period, the market participants saw MOVR moving up by 3%. The market sentiment on February 21 stayed as the coin obtained another 4%. During the next trading day, the rate of change in the price of Moonriver stood at 6% having reached the low at $10.08 and the high at $10.93 as the advantage remained on the side of sellers. MOVR ’s performance during February 23 was the following: the price increased by 5% in conjunction with the acceptable trading volume. The price range of Moonriver on February 24 formed between $10.82 and $10.18, whereas the daily price extremities were $10.15 and $11.2. The crypto coin opened the trading session on February 25 at $10.15 and finalized it at $9.85; the highest point of price action was at $10.26, the lowest was detected at $9.77. The coin found the deepest trough (24H low) at $9.58 on February 26 and then exploded to the ceiling (24H high) at $10.2; the price range for that day was between $9.8 and $10.2. Over the course of all trading sessions, the asset established the weekly low at $9.58 while buyers managed to push the price up to the weekly high at $11.68. Moonriver bounced 10% between the low of the week and the peak price for the same time period, ultimately creating a price range of $1.16.

As for the average trading volume in the time slot between February 20 and February 26, the Moonriver market registered the change from $11 714 494 to $4 831 290. 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 $2 586 410 to $49 514 642. The 41% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 10%.

The change in the total market capitalization of Moonriver from February 20 to February 26 was as follows: on February 20, the capitalization was at $69 662 206, while on February 26, it reached the level of $62 862 274. MOVR experienced a 10% change in total market capitalization throughout the past seven days. The said 10% percentage change in market capitalization of the coin was accompanied by the 10% fluctuation in the price of the underlying asset. 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 $52 856 906 on February 13 and $71 479 620 on February 19, which translates to a 35% change.

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Article date: February 26 | February 20 - 26

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