The bulls muster more strength as Wabi rises by 101% from September 11 to September 17.
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. There has been a rise in the market capitalization of the asset during the period under review. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
We have established that the average volatility of Wabi was at 33.67% in concert with its rapid price change. The largest volatility percentage during the given time span was 33.67% - it occurred on September 11. On September 17, the coin's volatility was at its minimum level of 8.46%. 33.67% is too high a volatility for the WABI market to be considered stable and easily predictable.
The bears were dictating the terms on the Wabi market on September 11 - the trading session opened at $0.08. On September 11, the first trading session of the reviewed time period, the market participants saw WABI moving up by 10%. The 32% 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 Wabi stood at 11% having reached the low at $0.1 and the high at $0.13 as the advantage remained on the side of sellers. The trading volume on September 14 rendered support to the 12% bearish move of WABI. The developments on the Wabi market on September 15 started with the price opening at $0.09 and subsequently moving to $0.12, the close of the day, while dropping to the 24H low at $0.08 and spiking to the 24H high at $0.08. The activity on the crypto coin's market on September 16 resulted in the asset being traded between $0.12, the open of the day, and $0.16, the close of the day; at some point, the price spiked to the daily high at $0.17 and briefly dropped to the daily low at $0.11. The coin found the deepest trough (24H low) at $0.15 on September 17 and then exploded to the ceiling (24H high) at $0.22; the price range for that day was between $0.16 and $0.18. The asset posted the weekly low at $0.08, while the top of the weekly trading session was registered at $0.22. Wabi bounced 101% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.09.
Over the period of the last 7 days, September 11 to September 17, Wabi saw its average trading volume fluctuate between $3 576 574 and $13 057 445. During the week before September 11, the trading volume of WABI flowed from $275 036 to $13 180 060. The 95% trading volume fluctuation between September 11 and September 17, as compared with the previous period, served as a basis for a 101% price move.
The total market capitalization of Wabi during the past 7-day oscillated between $5 044 228, the starting point that was established on September 11, and $10 654 702 on September 17, the end date of the reviewed period. Percentage-wise, the market capitalization of WABI has shifted by 111% in the past week. As a consequence of the 111% fluctuation in its market capitalization, the price of the coin changed by 101%. Wabi ’s market capitalization from the week before changed by 10%, as the result of fluctuation between $3 838 817 and $5 044 228, to give a clearer vision of the current state of the market.