The bulls muster more strength as Premia rises by 56% from August 31 to September 6.

The upward movement of the Premia price last week indicates the chosen market is bullish. The volatility of PREMIA has been high throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin from last week stemmed from the increasing trading volume.

Due to the active price action, the average volatility of Premia jumped to 37.09%. The peak of the asset's volatility fell on August 31 after it went all the way to 37.09%. The coin's market was the least volatile on September 6 when this particular metric didn’t exceed 0.07%. When the volatility goes as high as 37.09%, the PREMIA market tends to be erratic and hard to predict.

The opening price of Premia was at $0.82 on August 31, with buyers having a more visible presence on the market. On August 31, the first trading session of the reviewed time period, the market participants saw PREMIA moving up by 2%. On September 1 the coin market stayed neutral, with no changes in the price. The bulls dominated the price action during the following trading period as the price drifted 3% to the upside, having established the low for the reviewed time frame at $0.85, while the high was recorded at $0.9. The PREMIA market was up as the price shifted by 2% on September 3, against the backdrop of the sufficient trading volume. The price range of Premia on September 4 formed between $0.89 and $1.2, whereas the daily price extremities were $0.89 and $1.2. The crypto coin opened the trading session on September 5 at $1.22 and finalized it at $1.34; the highest point of price action was at $1.38, the lowest was detected at $1.16. As for the occurrences on September 6, the price of the coin bottomed at $1.29 and peaked at $1.63, while its daily range formed between $1.34 and $1.31. The asset posted the weekly low at $0.82, while the top of the weekly trading session was registered at $1.63. Traders saw Premia covering the $0.47 distance between the weekly low and the weekly high, which constituted for a 56% move.

The past 7 days were marked by a change in average daily trading volume from $466 455 on August 31 to $1 016 884 on September 6. During the week before August 31, the trading volume of PREMIA flowed from $242 019 to $386 321. The 85% trading volume fluctuation between August 31 and September 6, as compared with the previous period, served as a basis for a 56% price move.

Bitcoin began the observed period August 31 - September 6, with the market capitalization of $8 796 556 and finalized it at the market capitalization level of $13 653 992. The percentage change in the total market capitalization of PREMIA amounted to 55%. The said 55% percentage change in market capitalization of the coin was accompanied by the 56% fluctuation in the price of the underlying asset. In the preceding week, August 24 - August 30, the market capitalization of Premia got a 6% adjustment ($8 409 158 to $7 913 156) in comparison to a 55% change last week; this allows getting a deeper insight into the market structure.

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Article date: September 6 | August 31 - September 6

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