The bullish pressure subsides between December 31 and January 6 as PLANET gains only 5%.
The bullish behavior of PLANET last week was characterized by the occurrence of upswings. The volatility of PLA has been medium throughout the reviewed period in correspondence with the price action. 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.
PLANET has been moving reservedly on the backdrop of average volatility. We established that PLA didn't showcase any significant price action due to the market's mild average volatility of 16%. The volatility of the coin reached its highest point at 16.37% during the observed period. The asset's volatility was at its lowest on January 4 when it dropped to 0.08%. Since the volatility of 16% can be deemed as mild, the crypto coin's market can be characterised as composed.
On December 31, the PLANET market opened at $0.003, preceded by a period of bullish action. There were no gains or losses to the PLA market on December 31, it remained flat. On January 1, the price of the coin has shifted by 9% from the daily open on the back of a good trading volume. The cautious traders dominated the price action on January 2, with the PLANET market remaining flat. On January 3, the value of PLA was in the range, with the market remaining flat. On January 4, PLANET finished the trading day with no changes to the flatlined market. The price action on January 5 saw the crypto coin moving along the following route: starting point at $0.003 and closing point at $0.003, while it also deviated to establish the high of the day at $0.0029 and the low of the day at $0.0025. On the last day of the reviewed period, the coin was locked between $0.003 and $0.003, though the price managed to puncture these levels to reach the 24H high at $0.003 and the 24H low at $0.0029. The price action on the asset's market during the period between December 31 and January 6 topped at $0.003, while the bottom of the price range was established at $0.0025. The difference between the lowest and the highest price points for the week was 5%, as the price moved in the $0.0001 wide corridor.
Over the period of the last 7 days, December 31 to January 6, PLANET saw its average trading volume fluctuate between $3 936 and $2 236. A more comprehensive analysis of PLA price action requires the comparison of the trading volume between December 31 and January 6 with that from the preceding week that demonstrated how the trading volume fluctuated between $4 682 and $10 170. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 87%, and the 5% price shift.
PLA 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. PLANET market capitalization from the week before experienced no change, as a result there were no price fluctuations.