Balancer(bal)market reviews and price predictions
Balancer market statement for 2023-03-18
Yesterday the price of bal stood at $6.87. The market capitalization of the asset was $270 759 813. Balancer’s volatility was established at 4.88%. The trading volume of the coin reached $5 145 023.
Balancer prognosis for the next days:
We estimate the price of Balancer to be $6.16 tomorrow 2023-03-28 and $6.41 on 2023-04-03;
We estimate the market capitalization of Balancer to reach $248 555 068 tomorrow 2023-03-28 and $256 702 806 on 2023-03-30;
We estimate the volatility of Balancer to become 6.28% tomorrow 2023-03-28 and 4.92% on 2023-03-30;
We estimate the trading volume of Balancer to amount to $9 096 388 tomorrow 2023-03-28 and $8 052 256 on 2023-03-30.
Our recommendation for the pair BAL/USD for tomorrow, 2023-03-28, to sell.
Balancer exploded by 12% in the period of March 12 - March 18 as the buyers got an upper hand.
Between March 12 - March 18, Balancer has been mostly as its price has been in the rising mode. The situation on the BAL market shows that the underlying asset is currently experiencing a period of medium volatility. The price action on the coin's market translated to the growth of market capitalization. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Bearish response: The Balancer price melts by 5% between March 6 and March 12.
Balancer has been bearish last week as its price has been predominantly falling. The volatility associated with the BAL market was medium, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The bears stepped up a gear on February 26 - March 4, dropping the price of Balancer by 9%.
Balancer has been last week as its price has been predominantly falling. The price swings of BAL pointed to the presence of medium volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Balancer lost 6% in the period February 25 - March 3 as a result of selling pressure.
Balancer has been last week as its price has been predominantly falling. BAL was caught in a period of medium volatility, which was reflected in its price action. The market capitalization of the asset has been decreasing in concert with the price of the coin. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
February 24 - March 2 market wrap: Balancer had a slight 1% drop.
The analysis of last week’s price action shows that the Balancer market is in the phase since the price has been moving downward. BAL has been going through a period of low volatility, which fell in line with the occurred price changes. 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.
February 23 - March 1 market wrap: Balancer had a slight 1% drop.
The downward movement of the Balancer price last week indicates the chosen market is bullish. BAL was caught in a period of low volatility, which was reflected in its price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
February 23 - March 1 market wrap: Balancer had a slight 1% drop.
The downward movement of the Balancer price last week indicates the chosen market is bullish. The price swings of BAL pointed to the presence of low volatility. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Restrained price action on February 22 to February 28 as Balancer moves up by only 4%.
Balancer has been last week as its price has been predominantly rising. The price swings of BAL pointed to the presence of low volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Balancer market outlook from February 11 - February 17 :the price surges by 14%.
The analysis of last week’s price action shows that the Balancer market is in the bullish phase since the price has been moving upward. BAL was caught in a period of medium volatility, which was reflected in its price action. The asset saw its market capitalization growing over the reviewed period together with its price. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
The bulls muster more strength as Balancer rises by 17% from February 10 to February 16.
The price of Balancer was rising last from February 10 until February 16, giving enough reason to conclude that the market is bullish. BAL has been going through a period of medium volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.