Market analysis March 11 - March 17 : Swarm posts a 14% rally.
Between March 11 - March 17, Swarm has been mostly as its price has been in the rising mode. The volatility associated with the BZZ market was medium, as were its price fluctuations. 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 Swarm has been contained due to modest volatility. The market analysis reveals that the mild average volatility of 12% restrained BZZ 's price swings. The coin was the most volatile on March 11, when the range of its price fluctuations reached 12.23%. The price of the asset had fluctuated the least on March 15, when the volatility plummeted to 0.09%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 12%.
The opening price of Swarm was at $0.54 on March 11, with having a more visible presence on the market. During the opening day on March 11, BZZ has had a 13% move to the downside. The price action of the coin remained on March 12 as the pushed the price up by 10%. The price range of Swarm formed between $0.51 and $0.53 on March 13 as the price traveled 1% up. The BZZ market was up as the price shifted by 10% on March 14, against the backdrop of the sufficient trading volume. March 15 kicked off with Swarm trading opening at $0.59 and then closing the session at $0.55, establishing the 24H low at $0.55 and 24H high at $0.59 in the process. No changes were observed on the crypto coin's market on March 16. The coin found the deepest trough (24H low) at $0.54 on March 17 and then exploded to the ceiling (24H high) at $0.56; the price range for that day was between $0.55 and $0.54. The price action on the asset's market during the period between March 11 and March 17 topped at $0.59, while the bottom of the price range was established at $0.47. As a result of price action within the designated time period, the price movement range on the Swarm market was established at $0.07 or 14% between the weekly low and the weekly high.
The past 7 days were marked by a change in average daily trading volume from $362 787 on March 11 to $266 679 on March 17. During the week before March 11, the trading volume of BZZ flowed from $207 339 to $405 428. The asset demonstrated an 21% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 14%.
BZZ 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. Swarm market capitalization from the week before experienced no change, as a result there were no price fluctuations.