Wabi exploded by 90% in the period of September 10 - September 16 as the buyers got an upper hand.

The bullish behavior of Wabi last week was characterized by the occurrence of upswings. The situation on the WABI market shows that the underlying asset is currently experiencing a period of high volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

During the reported period, Wabi has been swinging for the fences, which resulted in an average volatility of 33.67% for the given period. September 10 was the day when the asset was the most volatile, with the volatility going as high as 33.67%. The volatility of the coin fell to its lowest on September 16 when it slid to 8.46%. The present volatility of 33.67% is indicative of unstable market conditions.

On September 10, the Wabi market opened at $0.07, preceded by a period of bullish action. On September 10, the first trading session of the reviewed time period, the market participants saw WABI moving up by 15%. September 11 saw the coin going another 10% since the open, supported by the corresponding trading volume. Wabi posted the interim low at $0.09 on September 12 and then moved up by 32% and peaked at $0.12. The WABI market was down as the price shifted by 11% on September 13, against the backdrop of the sufficient trading volume. September 14 kicked off with Wabi trading opening at $0.1 and then closing the session at $0.09, establishing the 24H low at $0.09 and 24H high at $0.1 in the process. The price action on September 15 saw the crypto coin moving along the following route: starting point at $0.09 and closing point at $0.12, while it also deviated to establish the high of the day at $0.12 and the low of the day at $0.08. Most trading activity on September 16 occurred in the space between $0.12 and $0.16; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.11, though the bulls had also staged the rally to the 24H high at $0.17. The price action on the asset's market during the period between September 10 and September 16 topped at $0.17, while the bottom of the price range was established at $0.07. As a result of price action within the designated time period, the price movement range on the Wabi market was established at $0.07 or 90% between the weekly low and the weekly high.

Wabi ’s average trading volume on the opening day of the observed time period, September 10, stood at $3 045 942, while on the closing day of the same period, it moved to $6 235 299. We can draw the comparison with the period of 7 days that preceded the reviewed one when WABI ’s trading volume varied from $275 036 to $13 180 060. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 64%, and the 90% price shift.

Wabi had its total market capitalization change from $4 203 916 on September 10 to $6 697 687 on September 16, the end of the examined time frame. WABI experienced a 59% change in total market capitalization throughout the past seven days. The 59% change in the coin's market capitalization affected the price rate that saw a 90% shift in the same time period. Wabi ’s market capitalization from the week before changed by 26%, as the result of fluctuation between $3 571 166 and $4 203 916, to give a clearer vision of the current state of the market.

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Article date: September 16 | September 10 - 16

Market reviews for similar coins for September 10 - 16