The bears stepped up a gear on August 23 - August 29, dropping the price of Celo by 10%.

The bearish behavior of Celo last week was characterized by the occurrence of downswings. CELO has been going through a period of medium volatility, which fell in line with the occurred price changes. The asset saw its market capitalization falling over the reviewed period together with its price. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.

The situation on the Celo market allows us to characterise its volatility as mild. The market analysis reveals that the mild average volatility of 6% restrained CELO 's price swings. The coin has hit the highest point of volatility on August 23. 0.87% was the rock bottom for the asset's volatility that was reached on August 27. Since the volatility of 6% can be deemed as mild, the crypto coin's market can be characterised as composed.

CELO made a 3% step in an upward direction during the first daily trading session that took place on August 23. August 24 saw the coin going another 1% since the open, supported by the corresponding trading volume. Celo posted the interim low at $0.9 on August 25 and then moved down by 2% and peaked at $0.92. CELO ’s performance during August 26 was the following: the price declined by 8% in conjunction with the acceptable trading volume. After the open at $0.84, Celo moved during August 27 in the range between the said open and the close at $0.81, having posted the 24H low at $0.81 and the 24H high at $0.84. While the 24H high and low on August 28 were at $0.82 and $0.81, respectively, the crypto coin had been traded in the area between the open at $0.82 and the close at $0.82. The coin's market saw no changes on August 29, as the market flatlined. The highest point of the price action over the week was at $0.92 - the weekly low during the same period was established at $0.78. The price action on the weekly time frame made Celo within the 10% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.09.

As for the average trading volume in the time slot between August 23 and August 29, the Celo market registered the change from $15 272 851 to $6 929 636. During the week before August 23, the trading volume of CELO flowed from $14 173 903 to $24 523 395. Percentage-wise, the trading volume of the asset changed by 32%, in comparison to the previous period, while its price experienced a 10% adjustment.

The change in the total market capitalization of Celo from August 23 to August 29 was as follows: on August 23, the capitalization was at $409 652 261, while on August 29, it reached the level of $362 449 327. Percentage-wise, the market capitalization of CELO has shifted by 12% in the past week. When compared to the price fluctuations during the observed period of time, the 12% market capitalization movement was accompanied by a 10% change in the price of the coin. A better understanding of the lay of the land on the Celo market requires a comparison with the preceding week when the total market capitalization of Celo changed by 13% as it went from $491 901 108 to $409 652 261.

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Article date: August 29 | August 23 - 29

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