January 16 - January 22 market wrap: Trustswap had a slight 3% drop.
The downward movement of the Trustswap price last week indicates the chosen market is bullish. The situation on the SWAP market shows that the underlying asset is currently experiencing a period of medium volatility. 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 situation on the Trustswap market allows us to characterise its volatility as mild. Given that the average volatility on the SWAP market didn't exceed 5%, the price action remained limited. The coin was the most volatile on January 16, when the range of its price fluctuations reached 5.25%. The asset saw its volatility drop to the lowest level for the given period on January 20 as it shrank to 0.09%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.
The opening price of Trustswap was at $0.19 on January 16, with buyers having a more visible presence on the market. On January 16, the first trading session of the reviewed time period, the market participants saw SWAP moving up by 2%. January 17 saw the coin going another 1% since the open, supported by the corresponding trading volume. During the following trading period on January 18, the price of Trustswap oscillated between the low at $0.18 and the high at $0.2, while the price moved down by 3%. On January 20, SWAP market moved by 5% in the bearish direction in concert with the trading volume. The price oscillation of Trustswap on January 20 was in the $0.18 - $0.18 range; at the same time, the price stretched out to reach the 24H low at $0.18 and the 24H high at $0.19. The crypto coin opened the trading session on January 21 at $0.18 and finalized it at $0.19; the highest point of price action was at $0.19, the lowest was detected at $0.18. As for the occurrences on January 22, the price of the coin bottomed at $0.19 and peaked at $0.19, while its daily range formed between $0.19 and $0.19. Over the course of all trading sessions, the asset established the weekly low at $0.18 while buyers managed to push the price up to the weekly high at $0.2. Traders saw Trustswap covering the $0.005 distance between the weekly low and the weekly high, which constituted for a 3% move.
Trustswap ’s average trading volume on the opening day of the observed time period, January 16, stood at $842 690, while on the closing day of the same period, it moved to $781 566. Over the week that came before the analyzed time span, the average trading volume of SWAP ranged between $658 573 and $1 664 642. The asset demonstrated an 7% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 3%.
SWAP 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. Trustswap market capitalization from the week before experienced no change, as a result there were no price fluctuations.