January 14 - January 20 market watch: SolarMineX goes up by 30% as buying pressure persists.
The bullish behavior of SolarMineX last week was characterized by the occurrence of upswings. SMX has been going through a period of medium volatility, which fell in line with the occurred price changes. 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 price action of SolarMineX has been contained due to modest volatility. Our comprehensive data indicates that the price change of SMX has been moderate on the back of the average volatility of 16% for the given time period. The highest point of the coin's volatility reached 18.57% in the analyzed time frame. On January 18, the volatility of the asset was at its minimum at 0%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
The gains of SMX after the weekly open on January 14 amounted to 2%. On January 15 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on January 16, with the SolarMineX market remaining flat. The trading volume on January 17 rendered support to the 3% bullish move of SMX. On January 18, SolarMineX finished the trading day with no changes to the flatlined market. The price action on January 19 saw the crypto coin moving along the following route: starting point at $0.00007 and closing point at $0.00008, while it also deviated to establish the high of the day at $0.00009 and the low of the day at $0.00007. The coin found the deepest trough (24H low) at $0.00008 on January 20 and then exploded to the ceiling (24H high) at $0.0001; the price range for that day was between $0.00008 and $0.00009. $0.00007 was the bottom of price action for the week, though the price went to the high extreme at $0.0001 over the same time period. SolarMineX bounced 30% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.00002.
The trading activity on the SolarMineX market over the past week - January 14 to January 20 - generated the average trading volume that went from $24 449 to $15 123. In order to have a better grasp of the SMX 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 $51 445 to $84 056. The 78% trading volume fluctuation between January 14 and January 20, as compared with the previous period, served as a basis for a 30% price move.
SMX 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. SolarMineX market capitalization from the week before experienced no change, as a result there were no price fluctuations.