The bleeding market: Casper Network loses 6% between April 30 and May 6 as the selling pressure grows.

Casper Network has been bullish last week as its price has been predominantly falling. CSPR was caught in a period of medium volatility, which was reflected in its price action. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the increasing trading volume.

The situation on the Casper Network market allows us to characterise its volatility as mild. The market analysis reveals that the mild average volatility of 5% restrained CSPR 's price swings. The most significant volatility occurred on April 30 and reached 7.32%. The asset has been the least volatile on May 4; at this time, the volatility stood at 0.55%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

While the overall situation on the Casper Network market was bullish, the trading session on April 30 kicked off at the $0.06 price level. The gains of CSPR after the weekly open on April 30 amounted to 6%. The coin market was down by 7% on May 1, the second day of the reviewed time period. On May 2, the market was moving to the upside as Casper Network went 3% up from the low at $0.058 to the high at $0.06. The next trading session was characterized by more bullish price action (as CSPR made a 4% move) on the back of the consistent trading volume. Casper Network finalized the trading day of May 4 at $0.06 after opening it at $0.06, though the price broke through that corridor to hit the 24H high at $0.06 and the 24H low at $0.06. No changes were observed on the crypto coin's market on May 5. As for the occurrences on May 6, the price of the coin bottomed at $0.06 and peaked at $0.06, while its daily range formed between $0.06 and $0.06. The highest point of the price action over the week was at $0.06 - the weekly low during the same period was established at $0.06. As a result of price action within the designated time period, the price movement range on the Casper Network market was established at $0.004 or 6% between the weekly low and the weekly high.

The trading activity on the Casper Network market over the past week - April 30 to May 6 - generated the average trading volume that went from $11 486 782 to $15 228 385. Over the week that came before the analyzed time span, the average trading volume of CSPR ranged between $10 428 143 and $19 936 543. The average trading volume of the asset fluctuated by 14% by comparison with the previous period, whereas the price change of 6% took place over the same period of time.

The past week saw the market capitalization of Casper Network making a shift from $636 762 632 on April 30 to $654 690 078 on May 6, the peak for the analyzed period. The percentage change in the total market capitalization of CSPR amounted to 3%. When compared to the price fluctuations during the observed period of time, the 3% market capitalization movement was accompanied by a 6% change in the price of the coin. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $565 556 786 on April 23 and $601 324 597 on April 29, which translates to a 6% change.

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Article date: May 6 | April 30 - May 6

Market reviews for similar coins for April 30 - May 6