A 22% drop on the Weld market last week (December 9 - December 15) signals that the sellers are gaining strength.

The behavior of Weld last week was characterized by the occurrence of downswings. WELD was caught in a period of medium volatility, which was reflected in its price action. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.

The unfolding situation in the Weld market suggests that the reviewed digital asset is in the stage of mild volatility. We established that WELD didn't showcase any significant price action due to the market's mild average volatility of 12%. The volatility of the coin reached its highest point at 15% during the observed period. The asset's volatility was at its lowest on December 13 when it dropped to 0.87%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

The gains of WELD after the weekly open on December 9 amounted to 1%. On December 10, the price of the coin has shifted by 5% from the daily open on the back of a good trading volume. The cautious traders dominated the price action on December 11, with the Weld market remaining flat. Over the next trading period (on December 12), WELD was moving down by 2% on the back of a congruous trading volume. On December 13, Weld finished the trading day with no changes to the flatlined market. The activity on the crypto coin's market on December 14 resulted in the asset being traded between $0.008, the open of the day, and $0.008, the close of the day; at some point, the price spiked to the daily high at $0.008 and briefly dropped to the daily low at $0.008. December 15 presented us with the following price action data: the coin opened the period at $0.008 and went on to establish the low at $0.007 and the high of the day at $0.008 before closing the day at $0.007. $0.007 was the bottom of price action for the week, though the price went to the high extreme at $0.009 over the same time period. The price action on the weekly time frame made Weld within the 22% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.002.

Over the period of the last 7 days, December 9 to December 15, Weld saw its average trading volume fluctuate between $60 382 and $53 652. We can draw the comparison with the period of 7 days that preceded the reviewed one when WELD ’s trading volume varied from $52 756 to $62 279. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 1%, and the 22% price shift.

WELD experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. Weld market capitalization from the week before experienced no change, as a result there were no price fluctuations.

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Article date: December 15 | December 9 - 15

Market reviews for similar coins for December 9 - 15