Celo market stayed flat from September 7 - September 13.

Celo portrayed neutral behavior last week, with no changes in the price. The price swings of CELO pointed to the presence 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 price action of Celo has been contained due to modest volatility. The market analysis reveals that the mild average volatility of 9% restrained CELO 's price swings. The coin was the most volatile on September 7, when the range of its price fluctuations reached 9.15%. The price of the asset had fluctuated the least on September 11, when the volatility plummeted to 0.26%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

During the opening day on September 7, CELO has had a 1% move to the upside. September 8 saw the coin going another 1% since the open, supported by the corresponding trading volume. During the following trading period on September 9, the price of Celo oscillated between the low at $0.82 and the high at $0.89, while the price moved up by 6%. On September 10, the value of CELO was in the range, with the market remaining flat. September 11 kicked off with Celo trading opening at $0.88 and then closing the session at $0.89, establishing the 24H low at $0.87 and 24H high at $0.89 in the process. No changes were observed on the crypto coin's market on September 12. On the last day of the reviewed period, the coin was locked between $0.89 and $0.8, though the price managed to puncture these levels to reach the 24H high at $0.89 and the 24H low at $0.8. Throughout the reviewed time period, no changes were observed on the asset's market. There was no difference between the lowest and highest price points for the observed week, with the Celo market flatlining.

In the period September 7 - September 13, the trading volume of Celo went from $20 075 430 on the first day of the reviewed period to $19 071 475 on the closing day. In order to have a better grasp of the CELO market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $5 995 815 to $15 530 912. The 44% trading volume fluctuation between September 7 and September 13, as compared with the previous period, served as a basis for a 0% price move.

The total capitalization of Bitcoin at the start of the analyzed time period (September 7) amounted to $362 109 426; by the end of that period (September 13), the capitalization went to $407 377 542. The rate of percentage change for the last week for CELO was 13%. The price of the coin changed by 0% on the back of the 13% shift in its total market capitalization. A more precise analysis of the Celo market also requires a comparison with the change in market capitalization from the week before, which amounted to 6% on the back of the move from $367 067 121 to $388 703 909.

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Article date: September 13 | September 7 - 13

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