Unlock Protocol exploded by 20% in the period of January 9 - January 15 as the buyers got an upper hand.
The price of Unlock Protocol was rising last from January 9 until January 15, giving enough reason to conclude that the market is bullish. The volatility of UDT has been medium 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 unfolding situation in the Unlock Protocol market suggests that the reviewed digital asset is in the stage of mild volatility. We established that UDT didn't showcase any significant price action due to the market's mild average volatility of 14%. The volatility of the coin reached its highest point at 15.37% during the observed period. 0.75% was the rock bottom for the asset's volatility that was reached on January 13. 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 bears were dictating the terms on the Unlock Protocol market on January 9 - the trading session opened at $11.35. During the opening day on January 9, UDT has had a 6% move to the upside. On January 10, the price of the coin has shifted by 1% from the daily open on the back of a good trading volume. On January 11, the market was moving to the upside as Unlock Protocol went 16% up from the low at $11.93 to the high at $14.45. UDT ’s performance during January 12 was the following: the price increased by 1% in conjunction with the acceptable trading volume. The price oscillation of Unlock Protocol on January 13 was in the $14.04 - $13.67 range; at the same time, the price stretched out to reach the 24H low at $13.41 and the 24H high at $14.66. While the 24H high and low on January 14 were at $16.74 and $13.66, respectively, the crypto coin had been traded in the area between the open at $13.66 and the close at $15.4. On the last day of the reviewed period, the coin was locked between $15.46 and $14.43, though the price managed to puncture these levels to reach the 24H high at $15.46 and the 24H low at $13.25. The highest point of the price action over the week was at $16.74 - the weekly low during the same period was established at $11.35. Unlock Protocol bounced 20% between the low of the week and the peak price for the same time period, ultimately creating a price range of $2.37.
As for the average trading volume in the time slot between January 9 and January 15, the Unlock Protocol market registered the change from $14 511 to $31 646. A more comprehensive analysis of UDT price action requires the comparison of the trading volume between January 9 and January 15 with that from the preceding week that demonstrated how the trading volume fluctuated between $14 634 and $20 785. The average trading volume of the asset fluctuated by 30% by comparison with the previous period, whereas the price change of 20% took place over the same period of time.
UDT 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. Unlock Protocol market capitalization from the week before experienced no change, as a result there were no price fluctuations.