Reservedly bullish : the price of Ultra grew by 10% in the period of March 11 - March 17.
The analysis of last week’s price action shows that the Ultra market is in the phase since the price has been moving upward. The price swings of UOS pointed to the presence of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the increasing trading volume.
The volatility has been suppressed, as the Ultra price action suggests. Our comprehensive data indicates that the price change of UOS has been moderate on the back of the average volatility of 8% for the given time period. The highest point of the coin's volatility reached 8.22% in the analyzed time frame. 0.08% was the rock bottom for the asset's volatility that was reached on March 15. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 8%.
There were no gains or losses to the UOS market on March 11, it remained flat. The coin market was down by 1% on March 12, the second day of the reviewed time period. The price range of Ultra formed between $0.2 and $0.21 on March 13 as the price traveled 8% up. On March 15, UOS market moved by 4% in the bullish direction in concert with the trading volume. Ultra finalized the trading day of March 15 at $0.21 after opening it at $0.22, though the price broke through that corridor to hit the 24H high at $0.22 and the 24H low at $0.2. On March 16, the crypto coin showcased the following price fluctuations: the trading session began at $0.2 and then traveled from the low of the day at $0.2 to the high of the day at $0.21, closing at $0.2. Between the 24H high at $0.22 and the 24H low at $0.2, the coin was traded in the $0.2 - $0.22 price corridor. The highest point of the price action over the week was at $0.22 - the weekly low during the same period was established at $0.19. The difference between the lowest and the highest price points for the week was 10%, as the price moved in the $0.02 wide corridor.
Over the period of the last 7 days, March 11 to March 17, Ultra saw its average trading volume fluctuate between $1 398 713 and $1 204 781. A more comprehensive analysis of UOS price action requires the comparison of the trading volume between March 11 and March 17 with that from the preceding week that demonstrated how the trading volume fluctuated between $1 179 382 and $1 538 165. Percentage-wise, the trading volume of the asset changed by 8%, in comparison to the previous period, while its price experienced a 10% adjustment.
The past week saw the market capitalization of Ultra making a shift from $54 134 599 on March 11 to $55 234 673 on March 17, the peak for the analyzed period. Percentage-wise, the market capitalization of UOS has shifted by 2% in the past week. The price of the coin changed by 10% on the back of the 2% shift in its total market capitalization. The comparison with the Ultra market capitalization seen during the time period March 4 - March 10 that occurred before the observed one, which changed by 13%, from $59 576 679 to $51 995 942, allows us to get a clearer understanding of current market conditions.