January 18 - January 24 market watch: Swanlana goes up by 50% as buying pressure persists.
The analysis of last week’s price action shows that the Swanlana market is in the bullish phase since the price has been moving upward. SWAN 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.
Due to the active price action, the average volatility of Swanlana jumped to 60%. The largest volatility percentage during the given time span was 60% - it occurred on January 18. The coin saw its volatility drop to a minimum at 3.85% on January 24. The present volatility of 60% renders the SWAN market unstable with the possibility of violent price swings.
The first day of price action was marked by the 14% move to the downside from the point where the trading session opened. January 19 saw the coin going another 22% since the open, supported by the corresponding trading volume. During the following trading period on January 20, the price of Swanlana oscillated between the low at $0.00001 and the high at $0.00003, while the price moved down by 29%. The next trading session was characterized by more bullish price action (as SWAN made a 60% move) on the back of the consistent trading volume. The developments on the Swanlana market on January 22 started with the price opening at $0.00002 and subsequently moving to $0.00003, the close of the day, while dropping to the 24H low at $0.00002 and spiking to the 24H high at $0.00002. On January 23, the crypto coin showcased the following price fluctuations: the trading session began at $0.00002 and then traveled from the low of the day at $0.00002 to the high of the day at $0.000027, closing at $0.00003. Most trading activity on January 24 occurred in the space between $0.00003 and $0.00003; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.00002, though the bulls had also staged the rally to the 24H high at $0.00003. Over the course of all trading sessions, the asset established the weekly low at $0.000007 while buyers managed to push the price up to the weekly high at $0.00006. The difference between the lowest and the highest price points for the week was 50%, as the price moved in the $0.000009 wide corridor.
Over the period of the last 7 days, January 18 to January 24, Swanlana saw its average trading volume fluctuate between $21.14 and $0.92. Over the week that came before the analyzed time span, the average trading volume of SWAN ranged between $0.04 and $4.98. The 600% 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 50%.
SWAN 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. Swanlana market capitalization from the week before experienced no change, as a result there were no price fluctuations.