Particl slid down by 5% last week (March 9 - March 15) as the sellers pushed back.
The analysis of last week’s price action shows that the Particl market is in the bearish phase since the price has been moving downward. The price swings of PART pointed to the presence of high volatility. There has been a fall in the market capitalization of the asset during the period under review. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
We have established that the average volatility of Particl was at 26.83% in concert with its rapid price change. The highest volatility was recorded on March 9 - it amounted to 26.83%. On March 15, the coin's volatility was at its minimum level of 0.42%. 26.83% is too high a volatility for the PART market to be considered stable and easily predictable.
There were no gains or losses to the PART market on March 9, it remained flat. March 10 saw the coin going another 21% since the open, supported by the corresponding trading volume. On March 11, the market was moving to the downside as Particl went 3% down from the low at $0.55 to the high at $0.57. The PART market was up as the price shifted by 22% on March 12, against the backdrop of the sufficient trading volume. March 13 kicked off with Particl trading opening at $0.7 and then closing the session at $0.75, establishing the 24H low at $0.65 and 24H high at $0.98 in the process. On March 14, the crypto coin showcased the following price fluctuations: the trading session began at $0.75 and then traveled from the low of the day at $0.72 to the high of the day at $0.83, closing at $0.83. Between the 24H high at $0.83 and the 24H low at $0.67, the coin was traded in the $0.83 - $0.68 price corridor. The asset posted the weekly low at $0.55, while the top of the weekly trading session was registered at $0.98. As a result of price action within the designated time period, the price movement range on the Particl market was established at $0.04 or 5% between the weekly low and the weekly high.
As for the average trading volume in the time slot between March 9 and March 15, the Particl market registered the change from $39.84 to $7.38. In order to have a better grasp of the PART 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 $51.95 to $4 397. The 11% 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 5%.
The total market capitalization of Particl during the past 7-day oscillated between $9 459 116, the starting point that was established on March 9, and $8 674 658 on March 15, the end date of the reviewed period. The percentage change in the total market capitalization of PART amounted to 8%. The 8% change in the coin's market capitalization affected the price rate that saw a 5% shift in the same time period. Particl ’s market capitalization from the week before changed by 10%, as the result of fluctuation between $9 470 028 and $9 459 116, to give a clearer vision of the current state of the market.