March 7 - March 13 market watch: Safeswap Token goes up by 145% as buying pressure persists.

The upward movement of the Safeswap Token price last week indicates the chosen market is bullish. The volatility associated with the SSGTX market was high, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.

Due to the active price action, the average volatility of Safeswap Token jumped to 170.14%. The volatility of the asset has reached the extreme after going as high as 170.14% - it happened on March 7. On March 13, the coin's volatility was at its minimum level of 8.77%. The increased volatility of 170.14% on the SSGTX market suggests large price swings in either direction, which is indicative of market instability.

The trading session on March 7 started with Safeswap Token opening at $0.002 on the backdrop of bullish sentiment throughout the market. The first day of price action was marked by the 22% move to the upside from the point where the trading session opened. The price action of the coin remained bullish on March 8 as the bulls pushed the price up by 103%. On March 9, the market was moving to the downside as Safeswap Token went 31% down from the low at $0.005 to the high at $0.009. On March 11, SSGTX market moved by 45% in the bullish direction in concert with the trading volume. The price range of Safeswap Token on March 11 formed between $0.008 and $0.007, whereas the daily price extremities were $0.006 and $0.009. The trading period on March 12 saw the crypto coin forming the price amplitude between the open at $0.006 and the close at $0.01, also interacting with $0.006 (24H low) and $0.006 (24H high). As for the occurrences on March 13, the price of the coin bottomed at $0.007 and peaked at $0.01, while its daily range formed between $0.009 and $0.007. The asset posted the weekly low at $0.002, while the top of the weekly trading session was registered at $0.02. Safeswap Token bounced 145% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.004.

Safeswap Token ’s average trading volume on the opening day of the observed time period, March 7, stood at $102 727, while on the closing day of the same period, it moved to $157 260. During the week before March 7, the trading volume of SSGTX flowed from to $5 529. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 18801%, and the 145% price shift.

The total capitalization of Bitcoin at the start of the analyzed time period (March 7) amounted to $280 957; by the end of that period (March 13), the capitalization went to $863 121. 207% was the calculated percentage change for the SSGTX market over the past week. While the market capitalization of the coin was altered by 207%, its price has made a 145% change. A more precise analysis of the Safeswap Token market also requires a comparison with the change in market capitalization from the week before, which amounted to 15% on the back of the move from $61 361 to $70 261.