The capitulation of January 13 - January 19 : Piggy experienced a 16% dive.
Piggy has been bearish last week as its price has been predominantly falling. The volatility associated with the PIGGY market was medium, as were its price fluctuations. 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 unfolding situation in the Piggy market suggests that the reviewed digital asset is in the stage of mild volatility. The average volatility of 14% was the reason why the price of PIGGY didn't put up any significant gains. The highest point of the coin's volatility reached 15.34% in the analyzed time frame. 0% was the rock bottom for the asset's volatility that was reached on January 17. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
On January 13, the Piggy market opened at $0.0004, preceded by a period of bearish action. There were no gains or losses to the PIGGY market on January 13, it remained flat. On January 14 the coin market stayed neutral, with no changes in the price. The price range of Piggy formed between $0.000363 and $0.000368 on January 15 as the price traveled 1% down. On January 16, the value of PIGGY was in the range, with the market remaining flat. On January 17, Piggy finished the trading day with no changes to the flatlined market. The trading period on January 18 saw the crypto coin forming the price amplitude between the open at $0.0004 and the close at $0.0003, also interacting with $0.00031 (24H low) and $0.00031 (24H high). Most trading activity on January 19 occurred in the space between $0.0003 and $0.0003; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.00031, though the bulls had also staged the rally to the 24H high at $0.00031. During the reviewed time period, the asset was able to achieve the weekly high at $0.00037, though at a certain point, the bear pressurized the price down to the weekly low at $0.00031. Traders saw Piggy covering the $0.00006 distance between the weekly low and the weekly high, which constituted for a 16% move.
In the period January 13 - January 19, the trading volume of Piggy went from $284 673 on the first day of the reviewed period to $246 402 on the closing day. A more comprehensive analysis of PIGGY price action requires the comparison of the trading volume between January 13 and January 19 with that from the preceding week that demonstrated how the trading volume fluctuated between $261 196 and $299 962. The 0% trading volume fluctuation between January 13 and January 19, as compared with the previous period, served as a basis for a 16% price move.
PIGGY 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. Piggy market capitalization from the week before experienced no change, as a result there were no price fluctuations.