Axion market outlook from November 16 - November 22 :the price surges by 88%.

The upward movement of the Axion price last week indicates the chosen market is bullish. The volatility associated with the AXN market was high, 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.

Due to the active price action, the average volatility of Axion jumped to 37.5%. The volatility of the asset has reached the extreme after going as high as 37.5% - it happened on November 16. The coin saw its volatility drop to a minimum at 0% on November 22. The high volatility of 37.5% points to the possibility of unpredictable and violent price action.

While the overall situation on the Axion market was bullish, the trading session on November 16 kicked off at the $0.000007 price level. The gains of AXN after the weekly open on November 16 amounted to 14%. On November 17 the coin market stayed neutral, with no changes in the price. On November 18, the market was moving to the upside as Axion went 38% up from the low at $0.000008 to the high at $0.00001. The next trading session was characterized by more bullish price action (as AXN made a 36% move) on the back of the consistent trading volume. November 20 kicked off with Axion trading opening at $0.00002 and then closing the session at $0.00002, establishing the 24H low at $0.000015 and 24H high at $0.000016 in the process. No changes were observed on the crypto coin's market on November 21. The coin's market saw no changes on November 22, as the market flatlined. Over the course of all trading sessions, the asset established the weekly low at $0.000007 while buyers managed to push the price up to the weekly high at $0.00002. Traders saw Axion covering the $0.000007 distance between the weekly low and the weekly high, which constituted for a 88% move.

Over the period of the last 7 days, November 16 to November 22, Axion saw its average trading volume fluctuate between $7 132 and $12 510. We can draw the comparison with the period of 7 days that preceded the reviewed one when AXN ’s trading volume varied from $110 to $8 499. The asset demonstrated an 368% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 88%.

AXN 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. Axion market capitalization from the week before experienced no change, as a result there were no price fluctuations.

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Article date: November 22 | November 16 - 22

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