Market review from January 6 to January 12 : SMSCodes gets a 7% price appreciation.

The upward movement of the SMSCodes price last week indicates the chosen market is bullish. SMSCT was caught in a period of high volatility, which was reflected in its price action. 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.

The considerable chops and changes in the price of SMSCodes resulted in average volatility of 27.6%. January 6 was the day when the asset was the most volatile, with the volatility going as high as 27.6%. On January 12, the coin's volatility was at its minimum level of 0.84%. The increased volatility of 27.6% on the SMSCT market suggests large price swings in either direction, which is indicative of market instability.

The gains of SMSCT after the weekly open on January 6 amounted to 5%. On January 7, the price of the coin has shifted by 1% 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 3% to the upside, having established the low for the reviewed time frame at $0.019, while the high was recorded at $0.0197. The SMSCT market was up as the price shifted by 3% on January 9, against the backdrop of the sufficient trading volume. The developments on the SMSCodes market on January 10 started with the price opening at $0.02 and subsequently moving to $0.02, the close of the day, while dropping to the 24H low at $0.02 and spiking to the 24H high at $0.02. The price action on January 11 saw the crypto coin moving along the following route: starting point at $0.02 and closing point at $0.02, while it also deviated to establish the high of the day at $0.02 and the low of the day at $0.02. January 12 presented us with the following price action data: the coin opened the period at $0.02 and went on to establish the low at $0.02 and the high of the day at $0.02 before closing the day at $0.02. The highest point of the price action over the week was at $0.02 - the weekly low during the same period was established at $0.02. As a result of price action within the designated time period, the price movement range on the SMSCodes market was established at $0.001 or 7% between the weekly low and the weekly high.

The trading activity on the SMSCodes market over the past week - January 6 to January 12 - generated the average trading volume that went from $494 to $775. We can draw the comparison with the period of 7 days that preceded the reviewed one when SMSCT ’s trading volume varied from $536 to $1 878. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 43%, and the 7% price shift.

SMSCT 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. SMSCodes market capitalization from the week before experienced no change, as a result there were no price fluctuations.

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Article date: January 12 | January 6 - 12

Market reviews for similar coins for January 6 - 12