Moonriver market outlook from March 10 - March 16 :the price surges by 11%.

The analysis of last week’s price action shows that the Moonriver market is in the phase since the price has been moving upward. MOVR 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 from last week stemmed from the increasing trading volume.

The situation on the Moonriver market allows us to characterise its volatility as mild. We established that MOVR didn't showcase any significant price action due to the market's mild average volatility of 6%. The coin has hit the highest point of volatility on March 10. The asset saw its volatility drop to the lowest level for the given period on March 14 as it shrank to 2.9%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

The were dictating the terms on the Moonriver market on March 10 - the trading session opened at $8.04. On March 10, the first trading session of the reviewed time period, the market participants saw MOVR moving down by 6%. The market sentiment on March 11 stayed bearish as the coin obtained another 4%. Moonriver posted the interim low at $7.33 on March 12 and then moved up by 6% and peaked at $7.78. Over the next trading period (on March 13), MOVR was moving up by 11% on the back of a congruous trading volume. After the open at $8.47, Moonriver moved during March 14 in the range between the said open and the close at $8.83, having posted the 24H low at $8.27 and the 24H high at $8.99. The activity on the crypto coin's market on March 15 resulted in the asset being traded between $8.69, the open of the day, and $8.09, the close of the day; at some point, the price spiked to the daily high at $8.69 and briefly dropped to the daily low at $8. The coin found the deepest trough (24H low) at $7.83 on March 16 and then exploded to the ceiling (24H high) at $8.41; the price range for that day was between $8.06 and $8.4. The asset posted the weekly low at $7.17, while the top of the weekly trading session was registered at $8.99. Moonriver shaped the $0.82 price range over the week of price action, which constituted the 11% gap between the weekly low and the weekly high.

As for the average trading volume in the time slot between March 10 and March 16, the Moonriver market registered the change from $3 647 323 to $1 873 100. Over the week that came before the analyzed time span, the average trading volume of MOVR ranged between $1 272 416 and $3 010 482. Percentage-wise, the trading volume of the asset changed by 33%, in comparison to the previous period, while its price experienced a 11% adjustment.

The change in the total market capitalization of Moonriver from March 10 to March 16 was as follows: on March 10, the capitalization was at $51 799 376, while on March 16, it reached the level of $53 297 050. Percentage-wise, the market capitalization of MOVR has shifted by 3% in the past week. When compared to the price fluctuations during the observed period of time, the 3% market capitalization movement was accompanied by a 11% change in the price of the coin. The comparison with the Moonriver market capitalization seen during the time period March 3 - March 9 that occurred before the observed one, which changed by 14%, from $64 045 442 to $55 073 885, allows us to get a clearer understanding of current market conditions.

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Article date: March 16 | March 10 - 16

Market reviews for similar coins for March 10 - 16