January 18 - January 24 market watch: Zilliqa goes up by 16% as buying pressure persists.

Zilliqa has been bullish last week as its price has been predominantly rising. ZIL has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the growth of market capitalization. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.

The volatility has been suppressed, as the Zilliqa price action suggests. We established that ZIL didn't showcase any significant price action due to the market's mild average volatility of 8%. The coin has hit the highest point of volatility on January 18. The asset saw its volatility drop to the lowest level for the given period on January 22 as it shrank to 0.04%. 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 price of ZIL took a 9% down downswing at the open of the weekly trading period. On January 19 the coin market stayed neutral, with no changes in the price. On January 20, the market was moving to the upside as Zilliqa went 3% up from the low at $0.025 to the high at $0.026. ZIL ’s performance during January 21 was the following: the price increased by 4% in conjunction with the acceptable trading volume. On January 22, Zilliqa finished the trading day with no changes to the flatlined market. The activity on the crypto coin's market on January 23 resulted in the asset being traded between $0.03, the open of the day, and $0.03, the close of the day; at some point, the price spiked to the daily high at $0.029 and briefly dropped to the daily low at $0.027. January 24 presented us with the following price action data: the coin opened the period at $0.03 and went on to establish the low at $0.028 and the high of the day at $0.029 before closing the day at $0.03. The asset posted the weekly low at $0.025, while the top of the weekly trading session was registered at $0.029. The price action on the weekly time frame made Zilliqa within the 16% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.004.

In the period January 18 - January 24, the trading volume of Zilliqa went from $88 234 533 on the first day of the reviewed period to $102 154 170 on the closing day. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the ZIL market had its volume ranging between $75 199 312 and $232 342 727. The average trading volume of the asset fluctuated by 52% by comparison with the previous period, whereas the price change of 16% took place over the same period of time.

The change in the total market capitalization of Zilliqa from January 18 to January 24 was as follows: on January 18, the capitalization was at $439 018 108, while on January 24, it reached the level of $456 777 515. The rate of percentage change for the last week for ZIL was 4%. The 4% change in the coin's market capitalization affected the price rate that saw a 16% shift in the same time period. In the preceding week, January 11 - January 17, the market capitalization of Zilliqa got a 7% adjustment ($409 295 284 to $438 427 104) in comparison to a 4% change last week; this allows getting a deeper insight into the market structure.

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Article date: January 24 | January 18 - 24

Market reviews for similar coins for January 18 - 24