Reservedly bullish : the price of Pawtocol grew by 6% in the period of January 18 - January 24.
The price of Pawtocol was rising last from January 18 until January 24, giving enough reason to conclude that the market is. The volatility of UPI has been medium throughout the reviewed period in correspondence with the price action. There has been a fall in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The price action of Pawtocol has been contained due to modest volatility. The average volatility of 6% was the reason why the price of UPI didn't put up any significant gains. The highest point of the coin's volatility reached 7.07% in the analyzed time frame. The asset's volatility was at its lowest on January 22 when it dropped to 1.3%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
During the opening day on January 18, UPI has had a 10% move to the downside. The price action of the coin remained on January 19 as the pushed the price down by 1%. During the next trading day, the rate of change in the price of Pawtocol stood at 6% having reached the low at $0.0032 and the high at $0.0035 as the advantage remained on the side of buyers. UPI ’s performance during January 21 was the following: the price increased by 6% in conjunction with the acceptable trading volume. Pawtocol finalized the trading day of January 22 at $0.004 after opening it at $0.004, though the price broke through that corridor to hit the 24H high at $0.0037 and the 24H low at $0.0035. The price action on January 23 saw the crypto coin moving along the following route: starting point at $0.004 and closing point at $0.004, while it also deviated to establish the high of the day at $0.0039 and the low of the day at $0.0035. Between the 24H high at $0.0037 and the 24H low at $0.0034, the coin was traded in the $0.004 - $0.003 price corridor. The price action on the asset's market during the period between January 18 and January 24 topped at $0.0039, while the bottom of the price range was established at $0.0032. The difference between the lowest and the highest price points for the week was 6%, as the price moved in the $0.0002 wide corridor.
The trading activity on the Pawtocol market over the past week - January 18 to January 24 - generated the average trading volume that went from $73 751 to $54 028. In order to have a better grasp of the UPI 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 $35 682 to $78 076. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 26%, and the 6% price shift.
The change in the total market capitalization of Pawtocol from January 18 to January 24 was as follows: on January 18, the capitalization was at $917 793, while on January 24, it reached the level of $886 375. When translated to percentage rate, the market capitalization of UPI over the past week adjusted by 3%. The price of the coin changed by 6% on the back of the 3% shift in its total market capitalization. In the preceding week, January 11 - January 17, the market capitalization of Pawtocol got a 37% adjustment ($613 888 to $838 425) in comparison to a 3% change last week; this allows getting a deeper insight into the market structure.