Bearish response: The TabTrader price melts by 1% between January 17 and January 23.
The analysis of last week’s price action shows that the TabTrader market is in the bearish phase since the price has been moving downward. The volatility of TTT has been low throughout the reviewed period in correspondence with the 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.
The current state of affairs on the cryptocurrency market allows us to draw the conclusion that TabTrader is now going through the cycle of low volatility. The average volatility of TTT was as low as 0.1%, causing the dull price action. Despite the overall weak performance, the volatility of the coin had its highest point at 4.69%. On January 22, the asset didn't make any noticeable price movements as its volatility dropped to the lowest level at 0.1%. The unimpressive volatility of 0.1% showcases the overall weakness of the crypto coin.
January 18 saw the coin going another 2% since the open, supported by the corresponding trading volume. The price range of TabTrader formed between $0.0091 and $0.0093 on January 19 as the price traveled 1% down. On January 20, the value of TTT was in the range, with the market remaining flat. On January 21, TabTrader finished the trading day with no changes to the flatlined market. While the 24H high and low on January 22 were at $0.009 and $0.009, respectively, the crypto coin had been traded in the area between the open at $0.009 and the close at $0.009. January 23 presented us with the following price action data: the coin opened the period at $0.01 and went on to establish the low at $0.009 and the high of the day at $0.01 before closing the day at $0.009. During the reviewed time period, the asset was able to achieve the weekly high at $0.01, though at a certain point, the bear pressurized the price down to the weekly low at $0.009. The price action on the weekly time frame made TabTrader within the 1% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.00009.
Over the period of the last 7 days, January 17 to January 23, TabTrader saw its average trading volume fluctuate between $52 642 and $42 347. Over the week that came before the analyzed time span, the average trading volume of TTT ranged between $6 631 and $11 222. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 127%, and the 1% price shift.
TTT 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. TabTrader market capitalization from the week before experienced no change, as a result there were no price fluctuations.