The bulls muster more strength as Premia rises by 83% from September 2 to September 8.

The bullish behavior of Premia last week was characterized by the occurrence of upswings. PREMIA has been going through a period of high volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The price action of the crypto coin from last week stemmed from the increasing trading volume.

During the reported period, Premia has been swinging for the fences, which resulted in an average volatility of 37.09% for the given period. The highest volatility was recorded on September 2 - it amounted to 37.09%. The volatility of the coin fell to its lowest on September 8 when it slid to 0.07%. The high volatility of 37.09% points to the possibility of unpredictable and violent price action.

On September 2, the Premia market opened at $0.85, preceded by a period of bullish action. During the opening day on September 2, PREMIA has had a 3% move to the upside. On September 3, the price of the coin has shifted by 2% from the daily open on the back of a good trading volume. The bulls dominated the price action during the following trading period as the price drifted 35% to the upside, having established the low for the reviewed time frame at $0.89, while the high was recorded at $1.2. PREMIA ’s performance during September 5 was the following: the price increased by 10% in conjunction with the acceptable trading volume. The price range of Premia on September 6 formed between $1.34 and $1.31, whereas the daily price extremities were $1.29 and $1.63. On September 7, the crypto coin showcased the following price fluctuations: the trading session began at $1.32 and then traveled from the low of the day at $1.2 to the high of the day at $1.51, closing at $1.51. September 8 presented us with the following price action data: the coin opened the period at $1.54 and went on to establish the low at $1.54 and the high of the day at $1.72 before closing the day at $1.6. The asset posted the weekly low at $0.85, while the top of the weekly trading session was registered at $1.72. Traders saw Premia covering the $0.72 distance between the weekly low and the weekly high, which constituted for a 83% move.

As for the average trading volume in the time slot between September 2 and September 8, the Premia market registered the change from $303 362 to $1 626 855. In order to have a better grasp of the PREMIA 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 $242 019 to $466 455. The 177% trading volume fluctuation between September 2 and September 8, as compared with the previous period, served as a basis for a 83% price move.

Bitcoin began the observed period September 2 - September 8, with the market capitalization of $9 145 010 and finalized it at the market capitalization level of $18 141 763. The percentage change in the total market capitalization of PREMIA amounted to 98%. As a consequence of the 98% fluctuation in its market capitalization, the price of the coin changed by 83%. Premia ’s market capitalization from the week before changed by 5%, as the result of fluctuation between $9 443 365 and $9 145 010, to give a clearer vision of the current state of the market.

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Article date: September 8 | September 2 - 8

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