December 11 - December 17 market wrap: RCCC had a slight 3% drop.
The bearish behavior of RCCC last week was characterized by the occurrence of downswings. The situation on the RCCC market shows that the underlying asset is currently experiencing a period of medium volatility. 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.
While the volatility remains restrained, RCCC isn't making any explosive moves. Our comprehensive data indicates that the price change of RCCC has been moderate on the back of the average volatility of 18% for the given time period. The highest point of the coin's volatility reached 20.69% in the analyzed time frame. 1.02% was the rock bottom for the asset's volatility that was reached on December 15. The crypto coin's market didn't put up any surprises due to mild average volatility of 18%.
The bears were dictating the terms on the RCCC market on December 11 - the trading session opened at $0.0006. The price of RCCC took a 2% down downswing at the open of the weekly trading period. December 12 saw the coin going another 1% since the open, supported by the corresponding trading volume. RCCC posted the interim low at $0.00056 on December 13 and then moved down by 2% and peaked at $0.00059. The RCCC market was down as the price shifted by 4% on December 14, against the backdrop of the sufficient trading volume. RCCC finalized the trading day of December 15 at $0.0007 after opening it at $0.0006, though the price broke through that corridor to hit the 24H high at $0.0008 and the 24H low at $0.0005. The activity on the crypto coin's market on December 16 resulted in the asset being traded between $0.0006, the open of the day, and $0.0006, the close of the day; at some point, the price spiked to the daily high at $0.001 and briefly dropped to the daily low at $0.0006. Between the 24H high at $0.0007 and the 24H low at $0.0006, the coin was traded in the $0.0006 - $0.0006 price corridor. The highest point of the price action over the week was at $0.001 - the weekly low during the same period was established at $0.0005. As a result of price action within the designated time period, the price movement range on the RCCC market was established at $0.00001 or 3% between the weekly low and the weekly high.
As for the average trading volume in the time slot between December 11 and December 17, the RCCC market registered the change from $177 930 to $517 498. In order to have a better grasp of the RCCC 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 $72 859 to $238 299. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 141%, and the 3% price shift.
RCCC 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. RCCC market capitalization from the week before experienced no change, as a result there were no price fluctuations.