Buyers weakened their grip on the Casper Network market (May 15 - May 21) as the price rose only by 1%.
The price of Casper Network was rising last from May 15 until May 21, giving enough reason to conclude that the market is bearish. The situation on the CSPR market shows that the underlying asset is currently experiencing a period of low 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.
Casper Network is experiencing low volatility, as confirmed by our comprehensive analysis. With the average volatility being as low as 0.7%, CSPR was incapable of making any sizable price swings. The peak of the coin's volatility for the given time period was reached on May 19 when this parameter went as low as 3.27%. The weakest volatility level of 0.7% on the asset's market was registered on May 20. The volatility of 0.7% is too low for the crypto coin to engage in any attention-worthy price action.
The losses of CSPR after the weekly open on May 15 amounted to 1%. The price action of the coin remained on May 16 as the pushed the price down by 1%. On May 17, the market was moving to the downside as Casper Network went 1% down from the low at $0.047 to the high at $0.049. Over the next trading period (on May 18), CSPR was moving down by 4% on the back of a congruous trading volume. The developments on the Casper Network market on May 19 started with the price opening at $0.05 and subsequently moving to $0.05, the close of the day, while dropping to the 24H low at $0.047 and spiking to the 24H high at $0.047. The price action on May 20 saw the crypto coin moving along the following route: starting point at $0.05 and closing point at $0.05, while it also deviated to establish the high of the day at $0.049 and the low of the day at $0.047. The coin found the deepest trough (24H low) at $0.05 on May 21 and then exploded to the ceiling (24H high) at $0.05; the price range for that day was between $0.05 and $0.05. The highest point of the price action over the week was at $0.05 - the weekly low during the same period was established at $0.05. The difference between the lowest and the highest price points for the week was 1%, as the price moved in the $0.0004 wide corridor.
As for the average trading volume in the time slot between May 15 and May 21, the Casper Network market registered the change from $7 323 523 to $3 286 096. A more comprehensive analysis of CSPR price action requires the comparison of the trading volume between May 15 and May 21 with that from the preceding week that demonstrated how the trading volume fluctuated between $8 478 667 and $13 493 196. The asset demonstrated an 45% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 1%.
CSPR 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. Casper Network market capitalization from the week before experienced no change, as a result there were no price fluctuations.