Balancer slid down by 2% last week (November 17 - November 23) as the sellers pushed back.

The price of Balancer was falling last from November 17 until November 23, giving enough reason to conclude that the market is. The volatility of BAL has been low throughout the reviewed period in correspondence with the price action. There has been a rise in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.

The analysis of events on the Balancer market shows that the cryptocurrency under review is experiencing a period of low volatility. The insignificant movement of the BAL market came as the result of low average volatility that amounted to 1.45%. 5.76% was the maximum volatility that the coin managed to showcase on November 21. The quietest period on the asset's market was recorded on November 21, when the volatility dropped to the minimum at 1.45%. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.

On November 17, the Balancer market opened at $5.2, preceded by a period of neutral action. On November 17, the first trading session of the reviewed time period, the market participants saw BAL moving up by 6%. November 18 saw the coin going another 2% since the open, supported by the corresponding trading volume. The bears dominated the price action during the following trading period as the price drifted 2% to the downside, having established the low for the reviewed time frame at $5.48, while the high was recorded at $5.61. The BAL market was down as the price shifted by 2% on November 20, against the backdrop of the sufficient trading volume. The price oscillation of Balancer on November 21 was in the $5.39 - $5.11 range; at the same time, the price stretched out to reach the 24H low at $5.11 and the 24H high at $5.39. The price action on November 22 saw the crypto coin moving along the following route: starting point at $5.02 and closing point at $5.22, while it also deviated to establish the high of the day at $5.25 and the low of the day at $4.95. Between the 24H high at $5.56 and the 24H low at $5.25, the coin was traded in the $5.25 - $5.42 price corridor. The price action on the asset's market during the period between November 17 and November 23 topped at $5.65, while the bottom of the price range was established at $4.95. Traders saw Balancer covering the $0.09 distance between the weekly low and the weekly high, which constituted for a 2% move.

In the period November 17 - November 23, the trading volume of Balancer went from $10 558 061 on the first day of the reviewed period to $6 048 762 on the closing day. We can draw the comparison with the period of 7 days that preceded the reviewed one when BAL ’s trading volume varied from $5 526 085 to $14 395 989. Percentage-wise, the trading volume of the asset changed by 40%, in comparison to the previous period, while its price experienced a 2% adjustment.

Balancer had its total market capitalization change from $195 867 284 on November 17 to $200 880 072 on November 23, the end of the examined time frame. The percentage change in the total market capitalization of BAL amounted to 3%. While the market capitalization of the coin was altered by 3%, its price has made a 2% change. Balancer ’s market capitalization from the week before changed by 18%, as the result of fluctuation between $175 006 195 and $195 867 284, to give a clearer vision of the current state of the market.

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Article date: November 23 | November 17 - 23

Market reviews for similar coins for November 17 - 23