Coins
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Celo
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2022-09-05

Celo sees limited 3% gains between August 30 and September 5 as the market cools down.

Celo has been last week as its price has been predominantly rising. The volatility associated with the CELO market was low, as were its price fluctuations. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the increasing trading volume.

The volatility is low on the Celo market, as the latest data suggests. The average volatility of CELO was capped at 0.42%, leading to weak fluctuations in the price of Celo. In the period between August 30 and September 5, the volatility of the coin peaked at 0.42%. The calmest period on the asset's market was registered on September 4, when the volatility failed to exceed 0.42%. The low volatility of 0.42% means that the crypto coin is weak and incapable of any sizable price swings.

Celo began the day on August 30 at $0.81, while the broad background was neutral. The coin market was up by 3% on August 31, the second day of the reviewed time period. The bulls dominated the price action during the following trading period as the price drifted 1% to the upside, having established the low for the reviewed time frame at $0.82, while the high was recorded at $0.85. On September 2, the value of CELO was in the range, with the market remaining flat. After the open at $0.83, Celo moved during September 3 in the range between the said open and the close at $0.83, having posted the 24H low at $0.82 and the 24H high at $0.84. On September 4, the crypto coin showcased the following price fluctuations: the trading session began at $0.82 and then traveled from the low of the day at $0.82 to the high of the day at $0.84, closing at $0.83. Between the 24H high at $0.84 and the 24H low at $0.8, the coin was traded in the $0.83 - $0.82 price corridor. $0.79 was the bottom of price action for the week, though the price went to the high extreme at $0.86 over the same time period. The difference between the lowest and the highest price points for the week was 3%, as the price moved in the $0.02 wide corridor.

Celo ’s average trading volume on the opening day of the observed time period, August 30, stood at $10 574 803, while on the closing day of the same period, it moved to $6 792 617. Over the week that came before the analyzed time span, the average trading volume of CELO ranged between $6 929 636 and $17 561 090. The 9% trading volume fluctuation between August 30 and September 5, as compared with the previous period, served as a basis for a 3% price move.

Bitcoin began the observed period August 30 - September 5, with the market capitalization of $378 099 020 and finalized it at the market capitalization level of $388 540 891. Percentage-wise, the market capitalization of CELO has shifted by 3% in the past week. While the market capitalization of the coin was altered by 3%, its price has made a 3% change. The comparison with the Celo market capitalization seen during the time period August 23 - August 29 that occurred before the observed one, which changed by 12%, from $409 652 261 to $362 449 327, allows us to get a clearer understanding of current market conditions.

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Article date: September 5 | August 30 - September 5

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