Market review from May 19 to May 25 : Vulcan Forged gets a 10% price appreciation.
Vulcan Forged has been bullish last week as its price has been predominantly rising. PYR was caught in a period of medium volatility, which was reflected in its price action. The price action on the coin's market translated to the growth of market capitalization. The price action of the crypto coin last week took place on the back of increased trading volume.
The price action of Vulcan Forged has been contained due to modest volatility. Given that the average volatility on the PYR market didn't exceed 8%, the price action remained limited. The largest volatility for the given period occurred on May 19 and amounted to 9.86%. The asset saw its volatility drop to the lowest level for the given period on May 23 as it shrank to 0.57%. Since the volatility of 8% can be deemed as mild, the crypto coin's market can be characterised as composed.
The gains of PYR after the weekly open on May 19 amounted to 3%. The 4% move in the upward direction took place on the second day after the weekly open. During the next trading day, the rate of change in the price of Vulcan Forged stood at 1% having reached the low at $3.42 and the high at $3.5 as the advantage remained on the side of sellers. The PYR market was up as the price shifted by 1% on May 22, against the backdrop of the sufficient trading volume. The price range of Vulcan Forged on May 23 formed between $3.47 and $3.79, whereas the daily price extremities were $3.47 and $3.84. The crypto coin opened the trading session on May 24 at $3.76 and finalized it at $3.52; the highest point of price action was at $3.85, the lowest was detected at $3.52. Most trading activity on May 25 occurred in the space between $3.55 and $3.73; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $3.55, though the bulls had also staged the rally to the 24H high at $3.74. The asset posted the weekly low at $3.25, while the top of the weekly trading session was registered at $3.85. Vulcan Forged shaped the $0.35 price range over the week of price action, which constituted the 10% gap between the weekly low and the weekly high.
Over the period of the last 7 days, May 19 to May 25, Vulcan Forged saw its average trading volume fluctuate between $3 799 738 and $4 954 764. During the week before May 19, the trading volume of PYR flowed from $1 238 003 to $5 542 959. Percentage-wise, the trading volume of the asset changed by 38%, in comparison to the previous period, while its price experienced a 10% adjustment.
Vulcan Forged had its total market capitalization change from $79 952 657 on May 19 to $87 064 135 on May 25, the end of the examined time frame. PYR experienced a 9% change in total market capitalization throughout the past seven days. As a consequence of the 9% fluctuation in its market capitalization, the price of the coin changed by 10%. In the preceding week, May 12 - May 18, the market capitalization of Vulcan Forged got a 16% adjustment ($70 862 569 to $81 982 032) in comparison to a 9% change last week; this allows getting a deeper insight into the market structure.