Octopus Protocol sees limited 1% gains between December 20 and December 26 as the market cools down.
The upward movement of the Octopus Protocol price last week indicates the chosen market is. OPS was caught in a period of low volatility, which was reflected in its price action. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
The current state of affairs on the cryptocurrency market allows us to draw the conclusion that Octopus Protocol is now going through the cycle of low volatility. The insignificant movement of the OPS market came as the result of low average volatility that amounted to 0.12%. The peak of the coin's volatility for the given time period was reached on December 24 when this parameter went as low as 3.46%. The price action on the asset's market was the weakest on December 25 when the volatility was at 0.12%, the minimum for the given period of time. The crypto coin's low volatility of 0.12% points to the weakness of all market participants.
There were no gains or losses to the OPS market on December 20, it remained flat. The coin market was up by 2% on December 21, the second day of the reviewed time period. The cautious traders dominated the price action on December 22, with the Octopus Protocol market remaining flat. On December 23, the value of OPS was in the range, with the market remaining flat. On December 24, Octopus Protocol finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on December 25. December 26 presented us with the following price action data: the coin opened the period at $0.0008 and went on to establish the low at $0.0008 and the high of the day at $0.0008 before closing the day at $0.0008. During the reviewed time period, the asset was able to achieve the weekly high at $0.0008, though at a certain point, the bear pressurized the price down to the weekly low at $0.0008. The price action on the weekly time frame made Octopus Protocol within the 1% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.000005.
The past 7 days were marked by a change in average daily trading volume from $14 494 on December 20 to $13 021 on December 26. We can draw the comparison with the period of 7 days that preceded the reviewed one when OPS ’s trading volume varied from $12 042 to $22 539. Percentage-wise, the trading volume of the asset changed by 20%, in comparison to the previous period, while its price experienced a 1% adjustment.
OPS experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. Octopus Protocol market capitalization from the week before experienced no change, as a result there were no price fluctuations.