Unlock Protocol slid down by 1% last week (January 18 - January 24) as the sellers pushed back.
The downward movement of the Unlock Protocol price last week indicates the chosen market is. The situation on the UDT 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.
Unlock Protocol has been moving reservedly on the backdrop of average volatility. The market analysis reveals that the mild average volatility of 9% restrained UDT 's price swings. The highest point of the coin's volatility reached 11.6% in the analyzed time frame. The asset saw its volatility drop to the lowest level for the given period on January 22 as it shrank to 1.59%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
The losses of UDT after the weekly open on January 18 amounted to 2%. On January 19, the price of the coin has shifted by 2% from the daily open on the back of a good trading volume. The bulls dominated the price action during the following trading period as the price drifted 11% to the upside, having established the low for the reviewed time frame at $14.13, while the high was recorded at $16.83. Over the next trading period (on January 21), UDT was moving down by 7% on the back of a congruous trading volume. The price oscillation of Unlock Protocol on January 22 was in the $15.16 - $14.45 range; at the same time, the price stretched out to reach the 24H low at $14.04 and the 24H high at $15.71. On January 23, the crypto coin showcased the following price fluctuations: the trading session began at $15.33 and then traveled from the low of the day at $14.23 to the high of the day at $15.56, closing at $14.68. Between the 24H high at $15.33 and the 24H low at $13.79, the coin was traded in the $15.21 - $13.89 price corridor. The asset posted the weekly low at $13.79, while the top of the weekly trading session was registered at $17.83. The difference between the lowest and the highest price points for the week was 1%, as the price moved in the $0.2 wide corridor.
In the period January 18 - January 24, the trading volume of Unlock Protocol went from $29 757 on the first day of the reviewed period to $20 813 on the closing day. In order to have a better grasp of the UDT market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $15 968 to $31 646. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 11%, and the 1% price shift.
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.