September 15 - September 21 price action recap: Celo sees a weak 1% gain as the buyers take a step back.

The price of Celo was rising last from September 15 until September 21, giving enough reason to conclude that the market is bearish. The situation on the CELO market shows that the underlying asset is currently experiencing a period of medium volatility. There has been a fall in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

The situation on the Celo market allows us to characterise its volatility as mild. We established that CELO didn't showcase any significant price action due to the market's mild average volatility of 5%. The most significant volatility occurred on September 15 and reached 5.41%. The asset saw its volatility drop to the lowest level for the given period on September 19 as it shrank to 0.83%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.

The opening price of Celo was at $0.8 on September 15, with sellers having a more visible presence on the market. The losses of CELO after the weekly open on September 15 amounted to 2%. On September 16 the coin market stayed neutral, with no changes in the price. The price range of Celo formed between $0.79 and $0.82 on September 17 as the price traveled 2% up. The trading volume on September 18 rendered support to the 1% bearish move of CELO. September 19 kicked off with Celo trading opening at $0.8 and then closing the session at $0.76, establishing the 24H low at $0.73 and 24H high at $0.8 in the process. The trading period on September 20 saw the crypto coin forming the price amplitude between the open at $0.77 and the close at $0.75, also interacting with $0.75 (24H low) and $0.75 (24H high). As for the occurrences on September 21, the price of the coin bottomed at $0.75 and peaked at $0.79, while its daily range formed between $0.75 and $0.79. The highest point of the price action over the week was at $0.82 - the weekly low during the same period was established at $0.73. As a result of price action within the designated time period, the price movement range on the Celo market was established at $0.009 or 1% between the weekly low and the weekly high.

Over the period of the last 7 days, September 15 to September 21, Celo saw its average trading volume fluctuate between $13 113 400 and $12 502 618. 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 $11 767 277 and $19 071 475. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 24%, and the 1% price shift.

The total capitalization of Bitcoin at the start of the analyzed time period (September 15) amounted to $371 349 013; by the end of that period (September 21), the capitalization went to $346 220 916. CELO experienced a 7% change in total market capitalization throughout the past seven days. The price of the coin changed by 1% on the back of the 7% 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 3% on the back of the move from $376 878 199 to $366 237 472.

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Article date: September 21 | September 15 - 21

Market reviews for similar coins for September 15 - 21