Coins
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Premia
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2022-09-10

September 4 - September 10 market watch: Premia goes up by 48% as buying pressure persists.

The bullish behavior of Premia last week was characterized by the occurrence of upswings. PREMIA was caught in a period of high volatility, which was reflected in its price action. The price action on the coin's market translated to the growth of market capitalization. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.

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 volatility of the asset has reached the extreme after going as high as 37.09% - it happened on September 4. The quietest period on the coin's market happened on September 10 as the volatility failed to surpass the 2.24% mark. The high volatility of 37.09% points to the possibility of unpredictable and violent price action.

The trading session on September 4 started with Premia opening at $0.89 on the backdrop of bullish sentiment throughout the market. The first day of price action was marked by the 35% move to the upside from the point where the trading session opened. On September 5, the price of the coin has shifted by 10% from the daily open on the back of a good trading volume. During the next trading day, the rate of change in the price of Premia stood at 2% having reached the low at $1.29 and the high at $1.63 as the advantage remained on the side of sellers. The PREMIA market was up as the price shifted by 14% on September 7, against the backdrop of the sufficient trading volume. September 8 kicked off with Premia trading opening at $1.54 and then closing the session at $1.6, establishing the 24H low at $1.54 and 24H high at $1.72 in the process. The trading period on September 9 saw the crypto coin forming the price amplitude between the open at $1.61 and the close at $1.67, also interacting with $1.61 (24H low) and $1.61 (24H high). On the last day of the reviewed period, the coin was locked between $1.66 and $1.77, though the price managed to puncture these levels to reach the 24H high at $1.77 and the 24H low at $1.66. The highest point of the price action over the week was at $1.89 - the weekly low during the same period was established at $0.89. Traders saw Premia covering the $0.57 distance between the weekly low and the weekly high, which constituted for a 48% move.

Over the period of the last 7 days, September 4 to September 10, Premia saw its average trading volume fluctuate between $457 368 and $1 585 151. During the week before September 4, the trading volume of PREMIA flowed from $242 019 to $466 455. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 250%, and the 48% price shift.

The total capitalization of Bitcoin at the start of the analyzed time period (September 4) amounted to $9 524 511; by the end of that period (September 10), the capitalization went to $18 341 306. The percentage change in the total market capitalization of PREMIA amounted to 93%. While the market capitalization of the coin was altered by 93%, its price has made a 48% change. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $7 668 848 on August 28 and $9 219 661 on September 3, which translates to a 20% change.

Price
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Article date: September 10 | September 4 - 10

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