The market crumbled last week (December 23 - December 29) as Solcubator lost 13%.
The downward movement of the Solcubator price last week indicates the chosen market is bearish. The situation on the SOLC 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.
Solcubator has been moving reservedly on the backdrop of average volatility. The market analysis reveals that the mild average volatility of 9% restrained SOLC 's price swings. The coin was the most volatile on December 23, when the range of its price fluctuations reached 8.89%. The asset has been the least volatile on December 27; at this time, the volatility stood at 0%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
On December 23, the Solcubator market opened at $0.00005, preceded by a period of bearish action. The price of SOLC took a 4% down downswing at the open of the weekly trading period. On December 24 the coin market stayed neutral, with no changes in the price. During the following trading period on December 25, the price of Solcubator oscillated between the low at $0.000047 and the high at $0.000048, while the price moved up by 2%. Over the next trading period (on December 26), SOLC was moving down by 6% on the back of a congruous trading volume. On December 27, Solcubator finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on December 28. The coin's market saw no changes on December 29, as the market flatlined. Over the course of all trading sessions, the asset established the weekly low at $0.00004 while buyers managed to push the price up to the weekly high at $0.00005. Solcubator shaped the $0.000006 price range over the week of price action, which constituted the 13% gap between the weekly low and the weekly high.
Solcubator ’s average trading volume on the opening day of the observed time period, December 23, stood at $10.66, while on the closing day of the same period, it moved to $17.86. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the SOLC market had its volume ranging between $0.00003 and $11.69. The asset demonstrated an 400% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 13%.
SOLC 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. Solcubator market capitalization from the week before experienced no change, as a result there were no price fluctuations.