The capitulation of February 27 - March 5 : Particl experienced a 13% dive.
The downward movement of the Particl price last week indicates the chosen market is bearish. PART has been going through a period of medium volatility, which fell in line with the occurred price changes. The asset saw its market capitalization falling over the reviewed period together with its price. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The situation on the Particl market allows us to characterise its volatility as mild. The market analysis reveals that the mild average volatility of 11% restrained PART 's price swings. The largest volatility for the given period occurred on February 27 and amounted to 14.27%. The price of the asset had fluctuated the least on March 3, when the volatility plummeted to 1.01%. The crypto coin's market didn't put up any surprises due to mild average volatility of 11%.
During the opening day on February 27, PART has had a 5% move to the upside. The coin market was down by 1% on February 28, the second day of the reviewed time period. The price range of Particl formed between $0.7 and $0.83 on March 1 as the price traveled 7% down. The PART market was up as the price shifted by 4% on March 2, against the backdrop of the sufficient trading volume. The price range of Particl on March 3 formed between $0.77 and $0.66, whereas the daily price extremities were $0.66 and $0.78. The crypto coin opened the trading session on March 4 at $0.66 and finalized it at $0.64; the highest point of price action was at $0.69, the lowest was detected at $0.64. As for the occurrences on March 5, the price of the coin bottomed at $0.64 and peaked at $0.7, while its daily range formed between $0.64 and $0.7. $0.64 was the bottom of price action for the week, though the price went to the high extreme at $0.91 over the same time period. As a result of price action within the designated time period, the price movement range on the Particl market was established at $0.11 or 13% between the weekly low and the weekly high.
In the period February 27 - March 5, the trading volume of Particl went from $2 638 on the first day of the reviewed period to $69.83 on the closing day. Over the week that came before the analyzed time span, the average trading volume of PART ranged between $32.97 and $3 238. Percentage-wise, the trading volume of the asset changed by 110%, in comparison to the previous period, while its price experienced a 13% adjustment.
Bitcoin began the observed period February 27 - March 5, with the market capitalization of $10 184 063 and finalized it at the market capitalization level of $8 259 955. Percentage-wise, the market capitalization of PART has shifted by 19% in the past week. As a consequence of the 19% fluctuation in its market capitalization, the price of the coin changed by 13%. 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 $11 004 447 on February 20 and $10 142 945 on February 26, which translates to a 8% change.