Reservedly bullish : the price of BinaryX grew by 10% in the period of November 18 - November 24.
The price of BinaryX was rising last from November 18 until November 24, giving enough reason to conclude that the market is bullish. The situation on the BNX market shows that the underlying asset is currently experiencing a period of medium volatility. 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.
The price action of BinaryX has been contained due to modest volatility. Our comprehensive data indicates that the price change of BNX has been moderate on the back of the average volatility of 8% for the given time period. The coin was the most volatile on November 18, when the range of its price fluctuations reached 9.46%. On November 22, the volatility of the asset was at its minimum at 0.14%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 8%.
The trading session on November 18 started with BinaryX opening at $153 on the backdrop of bullish sentiment throughout the market. The gains of BNX after the weekly open on November 18 amounted to 1%. On November 19 the coin market stayed neutral, with no changes in the price. During the next trading day, the rate of change in the price of BinaryX stood at 1% having reached the low at $153 and the high at $157 as the advantage remained on the side of buyers. On November 21, the value of BNX was in the range, with the market remaining flat. After the open at $156, BinaryX moved during November 22 in the range between the said open and the close at $153, having posted the 24H low at $153 and the 24H high at $162. The activity on the crypto coin's market on November 23 resulted in the asset being traded between $152, the open of the day, and $156, the close of the day; at some point, the price spiked to the daily high at $161 and briefly dropped to the daily low at $137. As for the occurrences on November 24, the price of the coin bottomed at $155 and peaked at $173, while its daily range formed between $155 and $171. During the reviewed time period, the asset was able to achieve the weekly high at $173, though at a certain point, the bear pressurized the price down to the weekly low at $137. The difference between the lowest and the highest price points for the week was 10%, as the price moved in the $16.15 wide corridor.
The past 7 days were marked by a change in average daily trading volume from $4 920 191 on November 18 to $59 389 677 on November 24. In order to have a better grasp of the BNX 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 $3 785 029 to $12 349 659. The 122% 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 10%.
BNX 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. BinaryX market capitalization from the week before experienced no change, as a result there were no price fluctuations.