Celo market stayed flat from September 25 - October 1.
Celo portrayed neutral behavior last week, with no changes in the price. CELO was caught in a period of low volatility, which was reflected in its price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin last week took place on the back of decreased trading volume.
The volatility is low on the Celo market, as the latest data suggests. The data derived from our credible sources shows that the average volatility of CELO didn't exceed 0.1%, which is indicative of weak price action. The peak of the coin's volatility for the given time period was reached on September 29 when this parameter went as low as 5.18%. The asset experienced the period of lowest volatility on September 30 when it fell to 0.1%. The crypto coin's low volatility of 0.1% points to the weakness of all market participants.
The losses of CELO after the weekly open on September 25 amounted to 5%. The market sentiment on September 26 stayed bearish as the coin obtained another 1%. The price range of Celo formed between $0.77 and $0.81 on September 27 as the price traveled 1% up. On September 28, the value of CELO was in the range, with the market remaining flat. Celo finalized the trading day of September 29 at $0.8 after opening it at $0.78, though the price broke through that corridor to hit the 24H high at $0.8 and the 24H low at $0.78. No changes were observed on the crypto coin's market on September 30. The coin found the deepest trough (24H low) at $0.78 on October 1 and then exploded to the ceiling (24H high) at $0.8; the price range for that day was between $0.8 and $0.78. 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.
The past 7 days were marked by a change in average daily trading volume from $9 695 236 on September 25 to $11 925 315 on October 1. We can draw the comparison with the period of 7 days that preceded the reviewed one when CELO ’s trading volume varied from $6 391 337 to $17 337 302. The 7% trading volume fluctuation between September 25 and October 1, as compared with the previous period, served as a basis for a 0% price move.
Bitcoin began the observed period September 25 - October 1, with the market capitalization of $377 131 616 and finalized it at the market capitalization level of $369 095 476. 2% was the calculated percentage change for the CELO market over the past week. As a consequence of the 2% fluctuation in its market capitalization, the price of the coin changed by 0%. The comparison with the Celo market capitalization seen during the time period September 18 - September 24 that occurred before the observed one, which changed by 2%, from $375 419 419 to $381 343 797, allows us to get a clearer understanding of current market conditions.