Wabi exploded by 76% in the period of September 7 - September 13 as the buyers got an upper hand.
Between September 7 - September 13, Wabi has been mostly bullish as its price has been in the rising mode. The price swings of WABI pointed to the presence of high volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The considerable chops and changes in the price of Wabi resulted in average volatility of 28.03%. The peak of the asset's volatility fell on September 7 after it went all the way to 28.03%. The coin's market was the least volatile on September 13 when this particular metric didn’t exceed 3.13%. The increased volatility of 28.03% on the WABI market suggests large price swings in either direction, which is indicative of market instability.
The price of WABI took a 4% up upswing at the open of the weekly trading period. The 27% move in the upward direction took place on the second day after the weekly open. The bears dominated the price action during the following trading period as the price drifted 5% to the downside, having established the low for the reviewed time frame at $0.07, while the high was recorded at $0.08. The WABI market was up as the price shifted by 15% on September 10, against the backdrop of the sufficient trading volume. The developments on the Wabi market on September 11 started with the price opening at $0.08 and subsequently moving to $0.09, the close of the day, while dropping to the 24H low at $0.08 and spiking to the 24H high at $0.08. While the 24H high and low on September 12 were at $0.12 and $0.09, respectively, the crypto coin had been traded in the area between the open at $0.09 and the close at $0.12. September 13 presented us with the following price action data: the coin opened the period at $0.11 and went on to establish the low at $0.1 and the high of the day at $0.13 before closing the day at $0.1. The highest point of the price action over the week was at $0.13 - the weekly low during the same period was established at $0.05. The price action on the weekly time frame made Wabi within the 76% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.04.
The trading activity on the Wabi market over the past week - September 7 to September 13 - generated the average trading volume that went from $275 036 to $5 866 636. 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 $325 130 and $742 946. The asset demonstrated an 681% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 76%.
The change in the total market capitalization of Wabi from September 7 to September 13 was as follows: on September 7, the capitalization was at $3 142 250, while on September 13, it reached the level of $7 017 771. When translated to percentage rate, the market capitalization of WABI over the past week adjusted by 123%. When compared to the price fluctuations during the observed period of time, the 123% market capitalization movement was accompanied by a 76% change in the price of the coin. Wabi ’s market capitalization from the week before changed by 2%, as the result of fluctuation between $3 635 596 and $3 142 250, to give a clearer vision of the current state of the market.