Slightly bearish : traders witnessed Zam.io moving down 1% from December 20 till December 26.
The downward movement of the Zam.io price last week indicates the chosen market is bearish. 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.
Zam.io has been moving reservedly on the backdrop of average volatility. Given that the average volatility on the ZAM market didn't exceed 12%, the price action remained limited. The coin has hit the highest point of volatility on December 20. 1.55% was the rock bottom for the asset's volatility that was reached on December 24. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.
The trading session on December 20 started with Zam.io opening at $0.002 on the backdrop of bearish sentiment throughout the market. On December 20, the first trading session of the reviewed time period, the market participants saw ZAM moving down by 4%. On December 21, the price of the coin has shifted by 5% from the daily open on the back of a good trading volume. During the following trading period on December 22, the price of Zam.io oscillated between the low at $0.0015 and the high at $0.0015, while the price moved down by 3%. The ZAM market was down as the price shifted by 1% on December 23, against the backdrop of the sufficient trading volume. The price range of Zam.io on December 24 formed between $0.001 and $0.002, whereas the daily price extremities were $0.0015 and $0.0016. The crypto coin opened the trading session on December 25 at $0.002 and finalized it at $0.002; the highest point of price action was at $0.002, the lowest was detected at $0.002. On the last day of the reviewed period, the coin was locked between $0.002 and $0.002, though the price managed to puncture these levels to reach the 24H high at $0.002 and the 24H low at $0.002. The highest point of the price action over the week was at $0.002 - the weekly low during the same period was established at $0.001. Traders saw Zam.io covering the $0.00001 distance between the weekly low and the weekly high, which constituted for a 1% move.
In the period December 20 - December 26, the trading volume of Zam.io went from $320 313 on the first day of the reviewed period to $486 803 on the closing day. We can draw the comparison with the period of 7 days that preceded the reviewed one when ZAM ’s trading volume varied from $268 938 to $359 046. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 12%, and the 1% 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.