A 49% price appreciation seen on the Wabi market between September 5 and September 11.
The analysis of last week’s price action shows that the Wabi market is in the bullish phase since the price has been moving upward. The volatility associated with the WABI market was high, as were its price fluctuations. The market capitalization of the asset has been increasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
The considerable chops and changes in the price of Wabi resulted in average volatility of 26.69%. The largest volatility percentage during the given time span was 26.69% - it occurred on September 5. The coin's market was the least volatile on September 11 when this particular metric didn’t exceed 3.13%. 26.69% is too high a volatility for the WABI market to be considered stable and easily predictable.
During the opening day on September 5, WABI has had a 6% move to the downside. September 6 saw the coin going another 9% since the open, supported by the corresponding trading volume. Wabi posted the interim low at $0.052 on September 7 and then moved up by 4% and peaked at $0.06. The trading volume on September 8 rendered support to the 27% bullish move of WABI. After the open at $0.07, Wabi moved during September 9 in the range between the said open and the close at $0.07, having posted the 24H low at $0.07 and the 24H high at $0.08. The activity on the crypto coin's market on September 10 resulted in the asset being traded between $0.07, the open of the day, and $0.08, the close of the day; at some point, the price spiked to the daily high at $0.09 and briefly dropped to the daily low at $0.07. As for the occurrences on September 11, the price of the coin bottomed at $0.08 and peaked at $0.09, while its daily range formed between $0.08 and $0.09. $0.05 was the bottom of price action for the week, though the price went to the high extreme at $0.09 over the same time period. The price action on the weekly time frame made Wabi within the 49% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.03.
Over the period of the last 7 days, September 5 to September 11, Wabi saw its average trading volume fluctuate between $514 424 and $3 576 574. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the WABI market had its volume ranging between $504 679 and $2 577 308. Percentage-wise, the trading volume of the asset changed by 215%, in comparison to the previous period, while its price experienced a 49% adjustment.
The change in the total market capitalization of Wabi from September 5 to September 11 was as follows: on September 5, the capitalization was at $3 779 670, while on September 11, it reached the level of $5 044 228. Percentage-wise, the market capitalization of WABI has shifted by 33% in the past week. The 33% change in the coin's market capitalization affected the price rate that saw a 49% shift in the same time period. A better understanding of the lay of the land on the Wabi market requires a comparison with the preceding week when the total market capitalization of Wabi changed by 16% as it went from $4 562 980 to $3 779 670.