Coins
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Phuture
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2023-01-01

Market analysis December 26 - January 1 : Phuture posts a 22% rally.

The analysis of last week’s price action shows that the Phuture market is in the bullish phase since the price has been moving upward. The price swings of PHTR pointed to the presence of medium volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.

While the volatility remains restrained, Phuture isn't making any explosive moves. The average volatility of 10% was the reason why the price of PHTR didn't put up any significant gains. The largest volatility for the given period occurred on December 26 and amounted to 9.5%. The asset's volatility was at its lowest on December 30 when it dropped to 0.06%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

On December 26, the first trading session of the reviewed time period, the market participants saw PHTR moving down by 5%. December 27 saw the coin going another 1% since the open, supported by the corresponding trading volume. The cautious traders dominated the price action on December 28, with the Phuture market remaining flat. On December 30, PHTR market moved by 1% in the bullish direction in concert with the trading volume. The price range of Phuture on December 30 formed between $0.02 and $0.02, whereas the daily price extremities were $0.0181 and $0.0183. The crypto coin opened the trading session on December 31 at $0.02 and finalized it at $0.02; the highest point of price action was at $0.02, the lowest was detected at $0.018. On the last day of the reviewed period, the coin was locked between $0.02 and $0.02, though the price managed to puncture these levels to reach the 24H high at $0.02 and the 24H low at $0.02. Over the course of all trading sessions, the asset established the weekly low at $0.02 while buyers managed to push the price up to the weekly high at $0.02. Traders saw Phuture covering the $0.004 distance between the weekly low and the weekly high, which constituted for a 22% move.

As for the average trading volume in the time slot between December 26 and January 1, the Phuture market registered the change from $10 949 to $12 345. A more comprehensive analysis of PHTR price action requires the comparison of the trading volume between December 26 and January 1 with that from the preceding week that demonstrated how the trading volume fluctuated between $8 706 and $13 654. The average trading volume of the asset fluctuated by 4% by comparison with the previous period, whereas the price change of 22% took place over the same period of time.

The total capitalization of Bitcoin at the start of the analyzed time period (December 26) amounted to $585 337; by the end of that period (January 1), the capitalization went to $611 393. When translated to percentage rate, the market capitalization of PHTR over the past week adjusted by 4%. As a consequence of the 4% fluctuation in its market capitalization, the price of the coin changed by 22%. During the week before the analyzed time frame, the market capitalization of Phuture moved by 5% as it went from $602 489 to $575 236, and gave a better understanding of the general direction in which this market is flowing.

Price
Volatility
Capitalization
Volume
Tue 27Thu 29Sat 312023Tue 27Thu 29Sat 3120230.01800.01900.02000.02100.02200.01800.01900.02000.02100.0220
Article date: January 1 | December 26 - January 1

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