0x retraces by 2% in the period November 15 - November 21 as the market turns slightly bearish.
0x has been last week as its price has been predominantly falling. ZRX was caught in a period of medium volatility, which was reflected in its price action. The price action on the coin's market translated to the growth of market capitalization. The price action of the crypto coin from last week stemmed from the increasing trading volume.
While the volatility remains restrained, 0x isn't making any explosive moves. During the reviewed period, the volatility of ZRX was in the middle register, averaging at 6%. The coin was the most volatile on November 15, when the range of its price fluctuations reached 5.34%. On November 19, the volatility of the asset was at its minimum at 0.14%. The crypto coin's market didn't put up any surprises due to mild average volatility of 6%.
During the opening day on November 15, ZRX has had a 6% move to the upside. The price action of the coin remained on November 16 as the pushed the price down by 5%. During the next trading day, the rate of change in the price of 0x stood at 1% having reached the low at $0.18 and the high at $0.18 as the advantage remained on the side of buyers. On November 18, the value of ZRX was in the range, with the market remaining flat. 0x finalized the trading day of November 19 at $0.19 after opening it at $0.18, though the price broke through that corridor to hit the 24H high at $0.19 and the 24H low at $0.18. No changes were observed on the crypto coin's market on November 20. November 21 presented us with the following price action data: the coin opened the period at $0.19 and went on to establish the low at $0.18 and the high of the day at $0.19 before closing the day at $0.18. The price action on the asset's market during the period between November 15 and November 21 topped at $0.2, while the bottom of the price range was established at $0.18. 0x bounced 2% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.004.
The past 7 days were marked by a change in average daily trading volume from $15 945 222 on November 15 to $18 914 180 on November 21. In order to have a better grasp of the ZRX market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $9 795 454 to $36 716 448. The 35% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 2%.
The change in the total market capitalization of 0x from November 15 to November 21 was as follows: on November 15, the capitalization was at $150 443 451, while on November 21, it reached the level of $153 056 357. When translated to percentage rate, the market capitalization of ZRX over the past week adjusted by 2%. While the market capitalization of the coin was altered by 2%, its price has made a 2% change. A more precise analysis of the 0x market also requires a comparison with the change in market capitalization from the week before, which amounted to 33% on the back of the move from $218 743 170 to $146 474 280.