Celo lost 10% in the period November 9 - November 15 as a result of selling pressure.
The bearish behavior of Celo last week was characterized by the occurrence of downswings. The volatility of CELO has been medium throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been decreasing in concert with the price of the coin. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
While the volatility remains restrained, Celo isn't making any explosive moves. During the reviewed period, the volatility of CELO was in the middle register, averaging at 17%. The most significant volatility occurred on November 9 and reached 23.3%. The asset saw its volatility drop to the lowest level for the given period on November 13 as it shrank to 2.69%. The crypto coin's market didn't put up any surprises due to mild average volatility of 17%.
The opening price of Celo was at $0.56 on November 9, with sellers having a more visible presence on the market. On November 9, the first trading session of the reviewed time period, the market participants saw CELO moving down by 14%. The market sentiment on November 10 stayed as the coin obtained another 4%. The bears dominated the price action during the following trading period as the price drifted 6% to the downside, having established the low for the reviewed time frame at $0.48, while the high was recorded at $0.53. The CELO market was down as the price shifted by 2% on November 12, against the backdrop of the sufficient trading volume. The developments on the Celo market on November 13 started with the price opening at $0.46 and subsequently moving to $0.44, the close of the day, while dropping to the 24H low at $0.44 and spiking to the 24H high at $0.44. On November 14, the crypto coin showcased the following price fluctuations: the trading session began at $0.44 and then traveled from the low of the day at $0.41 to the high of the day at $0.44, closing at $0.42. The coin found the deepest trough (24H low) at $0.42 on November 15 and then exploded to the ceiling (24H high) at $0.45; the price range for that day was between $0.42 and $0.43. The asset posted the weekly low at $0.41, while the top of the weekly trading session was registered at $0.58. As a result of price action within the designated time period, the price movement range on the Celo market was established at $0.05 or 10% between the weekly low and the weekly high.
The trading activity on the Celo market over the past week - November 9 to November 15 - generated the average trading volume that went from $50 840 071 to $12 391 863. Over the week that came before the analyzed time span, the average trading volume of CELO ranged between $17 270 190 and $40 385 835. The 6% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 10%.
The total market capitalization of Celo during the past 7-day oscillated between $275 872 504, the starting point that was established on November 9, and $199 389 487 on November 15, the end date of the reviewed period. 28% was the calculated percentage change for the CELO market over the past week. As a consequence of the 28% fluctuation in its market capitalization, the price of the coin changed by 10%. In the preceding week, November 2 - November 8, the market capitalization of Celo got a 3% adjustment ($342 267 011 to $351 903 333) in comparison to a 28% change last week; this allows getting a deeper insight into the market structure.