January 14 - January 20 price action recap: The Doge NFT sees a weak 3% gain as the buyers take a step back.
The Doge NFT has been bullish last week as its price has been predominantly rising. The price swings of DOG pointed to the presence of low volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The volatility is low on the The Doge NFT market, as the latest data suggests. The insignificant movement of the DOG market came as the result of low average volatility that amounted to 0%. Despite the overall weak performance, the volatility of the coin had its highest point at 4.62%. The price action on the asset's market was the weakest on January 19 when the volatility was at 0%, the minimum for the given period of time. The volatility of 0% is too low for the crypto coin to engage in any attention-worthy price action.
While the overall situation on the The Doge NFT market was bullish, the trading session on January 14 kicked off at the $0.0008 price level. The price of DOG took a 9% up upswing at the open of the weekly trading period. The price action of the coin remained bullish on January 15 as the bulls pushed the price up by 2%. The Doge NFT posted the interim low at $0.0009 on January 16 and then moved up by 2% and peaked at $0.0009. The next trading session was characterized by more bullish price action (as DOG made a 4% move) on the back of the consistent trading volume. January 18 kicked off with The Doge NFT trading opening at $0.0009 and then closing the session at $0.0009, establishing the 24H low at $0.0008 and 24H high at $0.0009 in the process. No changes were observed on the crypto coin's market on January 19. The coin found the deepest trough (24H low) at $0.0008 on January 20 and then exploded to the ceiling (24H high) at $0.0009; the price range for that day was between $0.0009 and $0.0009. $0.0008 was the bottom of price action for the week, though the price went to the high extreme at $0.0009 over the same time period. Traders saw The Doge NFT covering the $0.00003 distance between the weekly low and the weekly high, which constituted for a 3% move.
The trading activity on the The Doge NFT market over the past week - January 14 to January 20 - generated the average trading volume that went from $635 142 to $610 978. During the week before January 14, the trading volume of DOG flowed from $429 929 to $688 636. The asset demonstrated an 8% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 3%.
The total market capitalization of The Doge NFT during the past 7-day oscillated between $7 200 333, the starting point that was established on January 14, and $7 386 978 on January 20, the end date of the reviewed period. 3% was the calculated percentage change for the DOG market over the past week. As a consequence of the 3% fluctuation in its market capitalization, the price of the coin changed by 3%. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $6 225 110 on January 7 and $7 067 381 on January 13, which translates to a 14% change.