The bulls muster more strength as Zeedex rises by 670% from March 7 to March 13.
The price of Zeedex was rising last from March 7 until March 13, giving enough reason to conclude that the market is bullish. ZDEX has been going through a period of high volatility, which fell in line with the occurred price changes. The asset saw its market capitalization growing over the reviewed period together with its price. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The volatility of Zeedex was at 642.26% on average, which caused noticeable price fluctuations. The highest volatility was recorded on March 7 - it amounted to 642.26%. The quietest period on the coin's market happened on March 13 as the volatility failed to surpass the 0.33% mark. 642.26% is too high a volatility for the ZDEX market to be considered stable and easily predictable.
The bears were dictating the terms on the Zeedex market on March 7 - the trading session opened at $0.01. The price of ZDEX took a 15% up upswing at the open of the weekly trading period. The market sentiment on March 8 stayed bullish as the coin obtained another 647%. During the next trading day, the rate of change in the price of Zeedex stood at 5% having reached the low at $0.09 and the high at $0.09 as the advantage remained on the side of sellers. The ZDEX market was up as the price shifted by 9% on March 10, against the backdrop of the sufficient trading volume. On March 11, Zeedex finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on March 12. The coin's market saw no changes on March 13, as the market flatlined. During the reviewed time period, the asset was able to achieve the weekly high at $0.1, though at a certain point, the bear pressurized the price down to the weekly low at $0.01. Traders saw Zeedex covering the $0.08 distance between the weekly low and the weekly high, which constituted for a 670% move.
In the period March 7 - March 13, the trading volume of Zeedex went from $200 on the first day of the reviewed period to $172 on the closing day. Over the week that came before the analyzed time span, the average trading volume of ZDEX ranged between $54.6 and $183. Percentage-wise, the trading volume of the asset changed by 147%, in comparison to the previous period, while its price experienced a 670% adjustment.
The past week saw the market capitalization of Zeedex making a shift from $69 252 on March 7 to $629 960 on March 13, the peak for the analyzed period. When translated to percentage rate, the market capitalization of ZDEX over the past week adjusted by 810%. As a consequence of the 810% fluctuation in its market capitalization, the price of the coin changed by 670%. A better understanding of the lay of the land on the Zeedex market requires a comparison with the preceding week when the total market capitalization of Zeedex changed by 12% as it went from $68 255 to $69 252.