A 9% price increase last week (January 3 - January 9) confirms the bullishness of Spintop.
Spintop has been last week as its price has been predominantly rising. SPIN was caught in a period of medium 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.
While the volatility remains restrained, Spintop isn't making any explosive moves. During the reviewed period, the volatility of SPIN was in the middle register, averaging at 5%. The coin has hit the highest point of volatility on January 3. 0.33% was the rock bottom for the asset's volatility that was reached on January 7. Since the volatility of 5% can be deemed as mild, the crypto coin's market can be characterised as composed.
There were no gains or losses to the SPIN market on January 3, it remained flat. January 4 saw the coin going another 5% since the open, supported by the corresponding trading volume. The cautious traders dominated the price action on January 5, with the Spintop market remaining flat. The SPIN market was down as the price shifted by 1% on January 6, against the backdrop of the sufficient trading volume. On January 7, Spintop finished the trading day with no changes to the flatlined market. On January 8, the crypto coin showcased the following price fluctuations: the trading session began at $0.008 and then traveled from the low of the day at $0.0083 to the high of the day at $0.0085, closing at $0.008. Most trading activity on January 9 occurred in the space between $0.008 and $0.009; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.0085, though the bulls had also staged the rally to the 24H high at $0.0088. $0.008 was the bottom of price action for the week, though the price went to the high extreme at $0.0088 over the same time period. Spintop bounced 9% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.0008.
The trading activity on the Spintop market over the past week - January 3 to January 9 - generated the average trading volume that went from $14 276 to $12 835. A more comprehensive analysis of SPIN price action requires the comparison of the trading volume between January 3 and January 9 with that from the preceding week that demonstrated how the trading volume fluctuated between $2 803 and $18 828. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 30%, and the 9% price shift.
SPIN 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. Spintop market capitalization from the week before experienced no change, as a result there were no price fluctuations.