Wabi exploded by 75% in the period of September 15 - September 21 as the buyers got an upper hand.

The upward movement of the Wabi price last week indicates the chosen market is bullish. The volatility associated with the WABI market was high, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.

During the reported period, Wabi has been swinging for the fences, which resulted in an average volatility of 33.67% for the given period. The volatility of the asset has reached the extreme after going as high as 33.67% - it happened on September 15. The volatility of the coin fell to its lowest on September 21 when it slid to 0.11%. The present volatility of 33.67% is indicative of unstable market conditions.

On September 15, the Wabi market opened at $0.09, preceded by a period of bullish action. During the opening day on September 15, WABI has had a 33% move to the upside. The price action of the coin remained bullish on September 16 as the bulls pushed the price up by 35%. The price range of Wabi formed between $0.15 and $0.22 on September 17 as the price traveled 12% up. WABI ’s performance during September 18 was the following: the price declined by 10% in conjunction with the acceptable trading volume. The price oscillation of Wabi on September 19 was in the $0.17 - $0.18 range; at the same time, the price stretched out to reach the 24H low at $0.15 and the 24H high at $0.19. On September 20, the crypto coin showcased the following price fluctuations: the trading session began at $0.19 and then traveled from the low of the day at $0.17 to the high of the day at $0.2, closing at $0.18. Between the 24H high at $0.22 and the 24H low at $0.17, the coin was traded in the $0.18 - $0.21 price corridor. The asset posted the weekly low at $0.08, while the top of the weekly trading session was registered at $0.22. As a result of price action within the designated time period, the price movement range on the Wabi market was established at $0.09 or 75% between the weekly low and the weekly high.

In the period September 15 - September 21, the trading volume of Wabi went from $1 562 529 on the first day of the reviewed period to $3 942 965 on the closing day. A more comprehensive analysis of WABI price action requires the comparison of the trading volume between September 15 and September 21 with that from the preceding week that demonstrated how the trading volume fluctuated between $1 188 387 and $13 180 060. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 50%, and the 75% price shift.

The total capitalization of Bitcoin at the start of the analyzed time period (September 15) amounted to $5 289 145; by the end of that period (September 21), the capitalization went to $10 585 014. Percentage-wise, the market capitalization of WABI has shifted by 100% in the past week. The price of the coin changed by 75% on the back of the 100% shift in its total market capitalization. In the preceding week, September 8 - September 14, the market capitalization of Wabi got a 71% adjustment ($3 385 879 to $5 773 313) in comparison to a 100% change last week; this allows getting a deeper insight into the market structure.

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Article date: September 21 | September 15 - 21

Market reviews for similar coins for September 15 - 21