Bearish price action on February 23 to March 1 resulted in Moonriver by 7%.

The price of Moonriver was falling last from February 23 until March 1, giving enough reason to conclude that the market is. The situation on the MOVR market shows that the underlying asset is currently experiencing a period of medium volatility. The price action on the coin's market translated to the decline of market capitalization. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

The price action of Moonriver has been contained due to modest volatility. The average volatility of 5% was the reason why the price of MOVR didn't put up any significant gains. The highest point of the coin's volatility reached 6.18% in the analyzed time frame. The asset saw its volatility drop to the lowest level for the given period on February 27 as it shrank to 0.6%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.

During the opening day on February 23, MOVR has had a 5% move to the upside. The market sentiment on February 24 stayed bearish as the coin obtained another 6%. The bears dominated the price action during the following trading period as the price drifted 3% to the downside, having established the low for the reviewed time frame at $9.77, while the high was recorded at $10.26. The trading volume on February 26 rendered support to the 4% bullish move of MOVR. The price oscillation of Moonriver on February 27 was in the $10.28 - $10.07 range; at the same time, the price stretched out to reach the 24H low at $10.06 and the 24H high at $10.5. On February 28, the crypto coin showcased the following price fluctuations: the trading session began at $10.11 and then traveled from the low of the day at $9.85 to the high of the day at $10.19, closing at $9.99. As for the occurrences on March 1, the price of the coin bottomed at $9.55 and peaked at $10.1, while its daily range formed between $9.86 and $10.05. $9.55 was the bottom of price action for the week, though the price went to the high extreme at $11.2 over the same time period. As a result of price action within the designated time period, the price movement range on the Moonriver market was established at $0.8 or 7% between the weekly low and the weekly high.

The trading activity on the Moonriver market over the past week - February 23 to March 1 - generated the average trading volume that went from $1 971 044 to $2 968 254. Over the week that came before the analyzed time span, the average trading volume of MOVR ranged between $3 923 515 and $49 514 642. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 75%, and the 7% price shift.

The total capitalization of Bitcoin at the start of the analyzed time period (February 23) amounted to $68 373 914; by the end of that period (March 1), the capitalization went to $62 001 538. Percentage-wise, the market capitalization of MOVR has shifted by 9% in the past week. When compared to the price fluctuations during the observed period of time, the 9% market capitalization movement was accompanied by a 7% change in the price of the coin. The comparison with the Moonriver market capitalization seen during the time period February 16 - February 22 that occurred before the observed one, which changed by 19%, from $56 741 150 to $67 760 076, allows us to get a clearer understanding of current market conditions.

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Article date: March 1 | February 23 - March 1

Market reviews for similar coins for February 23 - March 1