The bleeding market: Token Swap loses 6% between December 30 and January 5 as the selling pressure grows.
The analysis of last week’s price action shows that the Token Swap market is in the bearish phase since the price has been moving downward. TP was caught in a period of low 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.
The volatility is low on the Token Swap market, as the latest data suggests. The average volatility of TP was capped at 0%, leading to weak fluctuations in the price of Token Swap. The peak of the coin's volatility for the given time period was reached on January 3 when this parameter went as low as 5.61%. The asset experienced the period of lowest volatility on January 4 when it fell to 0%. Since the current volatility of the crypto coin is low, we expect the price fluctuations of the digital asset at hand to be insignificant.
The first day of price action was marked by the 1% move to the downside from the point where the trading session opened. The market sentiment on December 31 stayed bearish as the coin obtained another 3%. On January 1, the market was moving to the downside as Token Swap went 2% down from the low at $0.000104 to the high at $0.000107. On January 3, TP market moved by 2% in the bullish direction in concert with the trading volume. The price range of Token Swap on January 3 formed between $0.0001 and $0.0001, whereas the daily price extremities were $0.0001 and $0.000108. On January 4, the crypto coin showcased the following price fluctuations: the trading session began at $0.0001 and then traveled from the low of the day at $0.000102 to the high of the day at $0.000104, closing at $0.0001. Most trading activity on January 5 occurred in the space between $0.0001 and $0.0001; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.000101, though the bulls had also staged the rally to the 24H high at $0.000104. $0.0001 was the bottom of price action for the week, though the price went to the high extreme at $0.00011 over the same time period. Token Swap shaped the $0.000007 price range over the week of price action, which constituted the 6% gap between the weekly low and the weekly high.
The trading activity on the Token Swap market over the past week - December 30 to January 5 - generated the average trading volume that went from $21 739 to $21 391. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the TP market had its volume ranging between $21 323 and $21 681. The average trading volume of the asset fluctuated by 1% by comparison with the previous period, whereas the price change of 6% took place over the same period of time.
TP 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. Token Swap market capitalization from the week before experienced no change, as a result there were no price fluctuations.