Buyers weakened their grip on the Celo market (November 15 - November 21) as the price rose only by 3%.

The behavior of Celo last week was characterized by the occurrence of upswings. The situation on the CELO market shows that the underlying asset is currently experiencing a period of low volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.

The current state of affairs on the cryptocurrency market allows us to draw the conclusion that Celo is now going through the cycle of low volatility. The average volatility of CELO was capped at 0.6%, leading to weak fluctuations in the price of Celo. The most significant price swings occurred on November 19, when the volatility of the coin was at its highest for the given period at 4.38%. The calmest period on the asset's market was registered on November 20, when the volatility failed to exceed 0.6%. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.

On November 15, the first trading session of the reviewed time period, the market participants saw CELO moving up by 3%. On November 16, the price of the coin has shifted by 1% from the daily open on the back of a good trading volume. The price range of Celo formed between $0.43 and $0.45 on November 17 as the price traveled 5% up. Over the next trading period (on November 18), CELO was moving up by 3% on the back of a congruous trading volume. November 19 kicked off with Celo trading opening at $0.46 and then closing the session at $0.47, establishing the 24H low at $0.46 and 24H high at $0.47 in the process. The trading period on November 20 saw the crypto coin forming the price amplitude between the open at $0.47 and the close at $0.46, also interacting with $0.45 (24H low) and $0.45 (24H high). Between the 24H high at $0.46 and the 24H low at $0.42, the coin was traded in the $0.46 - $0.44 price corridor. Over the course of all trading sessions, the asset established the weekly low at $0.42 while buyers managed to push the price up to the weekly high at $0.48. Celo bounced 3% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.01.

Over the period of the last 7 days, November 15 to November 21, Celo saw its average trading volume fluctuate between $12 391 863 and $8 662 913. Over the week that came before the analyzed time span, the average trading volume of CELO ranged between $11 022 572 and $50 840 071. The average trading volume of the asset fluctuated by 60% by comparison with the previous period, whereas the price change of 3% took place over the same period of time.

The total capitalization of Bitcoin at the start of the analyzed time period (November 15) amounted to $199 389 487; by the end of that period (November 21), the capitalization went to $207 040 825. Percentage-wise, the market capitalization of CELO has shifted by 4% in the past week. The price of the coin changed by 3% on the back of the 4% 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 42% on the back of the move from $351 903 333 to $204 338 242.

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Article date: November 21 | November 15 - 21

Market reviews for similar coins for November 15 - 21