The capitulation of December 16 - December 22 : Zam.io experienced a 27% dive.
The analysis of last week’s price action shows that the Zam.io market is in the bearish phase since the price has been moving downward. The volatility associated with the ZAM market was medium, as were its price fluctuations. 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.
While the volatility remains restrained, Zam.io isn't making any explosive moves. Our comprehensive data indicates that the price change of ZAM has been moderate on the back of the average volatility of 12% for the given time period. The largest volatility for the given period occurred on December 16 and amounted to 13.75%. The asset has been the least volatile on December 20; at this time, the volatility stood at 0.11%. Since the volatility of 12% can be deemed as mild, the crypto coin's market can be characterised as composed.
During the opening day on December 16, ZAM has had a 11% move to the downside. The market sentiment on December 17 stayed bearish as the coin obtained another 13%. On December 18, the market was moving to the upside as Zam.io went 1% up from the low at $0.00174 to the high at $0.00179. Over the next trading period (on December 19), ZAM was moving down by 5% on the back of a congruous trading volume. The price range of Zam.io on December 20 formed between $0.002 and $0.002, whereas the daily price extremities were $0.0016 and $0.00168. The crypto coin opened the trading session on December 21 at $0.002 and finalized it at $0.002; the highest point of price action was at $0.0016, the lowest was detected at $0.0015. Most trading activity on December 22 occurred in the space between $0.002 and $0.001; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.0015, though the bulls had also staged the rally to the 24H high at $0.0015. During the reviewed time period, the asset was able to achieve the weekly high at $0.002, though at a certain point, the bear pressurized the price down to the weekly low at $0.001. As a result of price action within the designated time period, the price movement range on the Zam.io market was established at $0.0006 or 27% between the weekly low and the weekly high.
As for the average trading volume in the time slot between December 16 and December 22, the Zam.io market registered the change from $352 609 to $340 650. We can draw the comparison with the period of 7 days that preceded the reviewed one when ZAM ’s trading volume varied from $199 684 to $407 111. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 11%, and the 27% price shift.
ZAM 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. Zam.io market capitalization from the week before experienced no change, as a result there were no price fluctuations.