Buyers kept pushing the Celo market to the upside between September 6 and September 12 as the price increased by 10%.
Celo has been last week as its price has been predominantly rising. The situation on the CELO market shows that the underlying asset is currently experiencing a period of medium volatility. There has been a rise in the market capitalization of the asset during the period under review. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
The situation on the Celo market allows us to characterise its volatility as mild. During the reviewed period, the volatility of CELO was in the middle register, averaging at 6%. The coin was the most volatile on September 6, when the range of its price fluctuations reached 7.13%. On September 10, the volatility of the asset was at its minimum at 0.26%. The crypto coin's market didn't put up any surprises due to mild average volatility of 6%.
On September 6, the Celo market opened at $0.82, preceded by a period of neutral action. On September 6, the first trading session of the reviewed time period, the market participants saw CELO moving down by 2%. The price action of the coin remained on September 7 as the pushed the price up by 1%. On September 8, the market was moving to the upside as Celo went 1% up from the low at $0.8 to the high at $0.82. CELO ’s performance during September 9 was the following: the price increased by 6% in conjunction with the acceptable trading volume. On September 10, Celo finished the trading day with no changes to the flatlined market. The price action on September 11 saw the crypto coin moving along the following route: starting point at $0.88 and closing point at $0.89, while it also deviated to establish the high of the day at $0.89 and the low of the day at $0.87. The coin's market saw no changes on September 12, as the market flatlined. The price action on the asset's market during the period between September 6 and September 12 topped at $0.91, while the bottom of the price range was established at $0.77. Celo shaped the $0.08 price range over the week of price action, which constituted the 10% gap between the weekly low and the weekly high.
As for the average trading volume in the time slot between September 6 and September 12, the Celo market registered the change from $9 918 112 to $11 767 277. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the CELO market had its volume ranging between $5 995 815 and $15 530 912. Percentage-wise, the trading volume of the asset changed by 31%, in comparison to the previous period, while its price experienced a 10% adjustment.
The past week saw the market capitalization of Celo making a shift from $388 703 909 on September 6 to $407 802 974 on September 12, the peak for the analyzed period. When translated to percentage rate, the market capitalization of CELO over the past week adjusted by 5%. While the market capitalization of the coin was altered by 5%, its price has made a 10% change. In the preceding week, August 30 - September 5, the market capitalization of Celo got a 3% adjustment ($378 099 020 to $388 540 891) in comparison to a 5% change last week; this allows getting a deeper insight into the market structure.