Coins
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Wabi
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2022-09-08

September 2 - September 8 market watch: Wabi goes up by 20% as buying pressure persists.

The price of Wabi was rising last from September 2 until September 8, giving enough reason to conclude that the market is bullish. The price swings of WABI pointed to the presence of high volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

The considerable chops and changes in the price of Wabi resulted in average volatility of 26.69%. The asset was the most volatile on September 2 when the registered volatility shot up to 26.69%. The coin saw its volatility drop to a minimum at 0.73% on September 8. The present volatility of 26.69% renders the WABI market unstable with the possibility of violent price swings.

The gains of WABI after the weekly open on September 2 amounted to 1%. September 3 saw the coin going another 2% since the open, supported by the corresponding trading volume. The price range of Wabi formed between $0.06 and $0.067 on September 4 as the price traveled 8% up. WABI ’s performance during September 5 was the following: the price declined by 6% in conjunction with the acceptable trading volume. Wabi finalized the trading day of September 6 at $0.06 after opening it at $0.06, though the price broke through that corridor to hit the 24H high at $0.06 and the 24H low at $0.06. The crypto coin opened the trading session on September 7 at $0.06 and finalized it at $0.06; the highest point of price action was at $0.06, the lowest was detected at $0.052. Most trading activity on September 8 occurred in the space between $0.06 and $0.07; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.06, though the bulls had also staged the rally to the 24H high at $0.09. The asset posted the weekly low at $0.05, while the top of the weekly trading session was registered at $0.09. As a result of price action within the designated time period, the price movement range on the Wabi market was established at $0.01 or 20% between the weekly low and the weekly high.

The trading activity on the Wabi market over the past week - September 2 to September 8 - generated the average trading volume that went from $548 753 to $1 188 387. We can draw the comparison with the period of 7 days that preceded the reviewed one when WABI ’s trading volume varied from $647 252 to $4 062 489. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 71%, and the 20% price shift.

The total market capitalization of Wabi during the past 7-day oscillated between $3 661 367, the starting point that was established on September 2, and $3 385 879 on September 8, the end date of the reviewed period. The percentage change in the total market capitalization of WABI amounted to 8%. The price of the coin changed by 20% on the back of the 8% shift in its total market capitalization. Wabi ’s market capitalization from the week before changed by 4%, as the result of fluctuation between $3 727 798 and $3 661 367, to give a clearer vision of the current state of the market.

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Article date: September 8 | September 2 - 8

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