Slightly bearish : traders witnessed Celo moving down 2% from September 17 till September 23.

Celo has been last week as its price has been predominantly falling. CELO has been going through a period of medium volatility, which fell in line with the occurred price changes. There has been a rise in the market capitalization of the asset during the period under review. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

The situation on the Celo market allows us to characterise its volatility as mild. The market analysis reveals that the mild average volatility of 6% restrained CELO 's price swings. The largest volatility for the given period occurred on September 17 and amounted to 5.41%. The asset has been the least volatile on September 21; at this time, the volatility stood at 0.09%. Since the volatility of 6% can be deemed as mild, the crypto coin's market can be characterised as composed.

The gains of CELO after the weekly open on September 17 amounted to 2%. The price action of the coin remained on September 18 as the pushed the price down by 1%. During the following trading period on September 19, the price of Celo oscillated between the low at $0.73 and the high at $0.8, while the price moved down by 5%. The CELO market was down as the price shifted by 2% on September 20, against the backdrop of the sufficient trading volume. The developments on the Celo market on September 21 started with the price opening at $0.75 and subsequently moving to $0.79, the close of the day, while dropping to the 24H low at $0.75 and spiking to the 24H high at $0.75. While the 24H high and low on September 22 were at $0.79 and $0.73, respectively, the crypto coin had been traded in the area between the open at $0.76 and the close at $0.79. Between the 24H high at $0.82 and the 24H low at $0.79, the coin was traded in the $0.81 - $0.8 price corridor. 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 $0.01 or 2% between the weekly low and the weekly high.

Celo ’s average trading volume on the opening day of the observed time period, September 17, stood at $12 747 702, while on the closing day of the same period, it moved to $13 386 349. During the week before September 17, the trading volume of CELO flowed from $11 767 277 to $19 071 475. Percentage-wise, the trading volume of the asset changed by 23%, in comparison to the previous period, while its price experienced a 2% adjustment.

The change in the total market capitalization of Celo from September 17 to September 23 was as follows: on September 17, the capitalization was at $367 885 532, while on September 23, it reached the level of $371 682 004. The rate of percentage change for the last week for CELO was 1%. While the market capitalization of the coin was altered by 1%, its price has made a 2% change. During the week before the analyzed time frame, the market capitalization of Celo moved by 12% as it went from $410 264 095 to $360 795 118, and gave a better understanding of the general direction in which this market is flowing.

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Article date: September 23 | September 17 - 23

Market reviews for similar coins for September 17 - 23