Coins
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Celo
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2022-09-11

The buyers controlled the Celo market between September 5 and September 11 as the price grew by 8%.

The price of Celo was rising last from September 5 until September 11, giving enough reason to conclude that the market is. The price swings of CELO pointed to the presence of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.

The unfolding situation in the Celo market suggests that the reviewed digital asset is in the stage of mild volatility. During the reviewed period, the volatility of CELO was in the middle register, averaging at 6%. The volatility of the coin reached its highest point at 7.13% during the observed period. 0.46% was the rock bottom for the asset's volatility that was reached on September 9. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 6%.

The trading session on September 5 started with Celo opening at $0.83 on the backdrop of neutral sentiment throughout the market. During the opening day on September 5, CELO has had a 2% move to the downside. The coin market was down by 2% on September 6, the second day of the reviewed time period. On September 7, the market was moving to the upside as Celo went 1% up from the low at $0.77 to the high at $0.81. The next trading session was characterized by more price action (as CELO made a 1% move) on the back of the consistent trading volume. The price oscillation of Celo on September 9 was in the $0.82 - $0.87 range; at the same time, the price stretched out to reach the 24H low at $0.82 and the 24H high at $0.89. No changes were observed on the crypto coin's market on September 10. As for the occurrences on September 11, the price of the coin bottomed at $0.87 and peaked at $0.89, while its daily range formed between $0.88 and $0.89. Over the course of all trading sessions, the asset established the weekly low at $0.77 while buyers managed to push the price up to the weekly high at $0.91. The price action on the weekly time frame made Celo within the 8% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.07.

The trading activity on the Celo market over the past week - September 5 to September 11 - generated the average trading volume that went from $6 792 617 to $16 210 975. Over the week that came before the analyzed time span, the average trading volume of CELO ranged between $5 995 815 and $15 530 912. Percentage-wise, the trading volume of the asset changed by 24%, in comparison to the previous period, while its price experienced a 8% adjustment.

Bitcoin began the observed period September 5 - September 11, with the market capitalization of $388 540 891 and finalized it at the market capitalization level of $410 107 907. Percentage-wise, the market capitalization of CELO has shifted by 6% in the past week. The price of the coin changed by 8% on the back of the 6% shift in its total market capitalization. During the week before the analyzed time frame, the market capitalization of Celo moved by 5% as it went from $362 449 327 to $379 907 963, and gave a better understanding of the general direction in which this market is flowing.

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Article date: September 11 | September 5 - 11

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