Solcubator retraces by 4% in the period February 23 - March 1 as the market turns slightly bearish.
The behavior of Solcubator last week was characterized by the occurrence of downswings. The price swings of SOLC pointed to the presence 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.
The situation on the Solcubator market allows us to characterise its volatility as mild. During the reviewed period, the volatility of SOLC was in the middle register, averaging at 6%. The most significant volatility occurred on February 23 and reached 6.38%. On February 27, the volatility of the asset was at its minimum at 0%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
There were no gains or losses to the SOLC market on February 23, it remained flat. The price action of the coin remained on February 24 as the pushed the price up by 2%. The bears dominated the price action during the following trading period as the price drifted 8% to the downside, having established the low for the reviewed time frame at $0.000044, while the high was recorded at $0.000048. Over the next trading period (on February 26), SOLC was moving down by 2% on the back of a congruous trading volume. On February 27, Solcubator finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on February 28. The coin's market saw no changes on March 1, as the market flatlined. The highest point of the price action over the week was at $0.000048 - the weekly low during the same period was established at $0.000044. Traders saw Solcubator covering the $0.000002 distance between the weekly low and the weekly high, which constituted for a 4% move.
The past 7 days were marked by a change in average daily trading volume from $14.39 on February 23 to $1.82 on March 1. 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 $0.02 and $64.64. The 76% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 4%.
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.