A 24% price appreciation seen on the Celo market between November 16 and November 22.

The upward movement of the Celo price last week indicates the chosen market is. The situation on the CELO market shows that the underlying asset is currently experiencing a period of medium volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of increased trading volume.

The volatility has been suppressed, as the Celo price action suggests. The market analysis reveals that the mild average volatility of 16% restrained CELO 's price swings. The largest volatility for the given period occurred on November 16 and amounted to 19.69%. The price of the asset had fluctuated the least on November 20, when the volatility plummeted to 0.6%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 16%.

The first day of price action was marked by the 1% move to the downside from the point where the trading session opened. The coin market was up by 5% on November 17, the second day of the reviewed time period. During the next trading day, the rate of change in the price of Celo stood at 3% having reached the low at $0.44 and the high at $0.46 as the advantage remained on the side of buyers. The CELO market was up as the price shifted by 1% on November 19, against the backdrop of the sufficient trading volume. November 20 kicked off with Celo trading opening at $0.47 and then closing the session at $0.46, establishing the 24H low at $0.45 and 24H high at $0.48 in the process. The crypto coin opened the trading session on November 21 at $0.46 and finalized it at $0.44; the highest point of price action was at $0.46, the lowest was detected at $0.42. November 22 presented us with the following price action data: the coin opened the period at $0.44 and went on to establish the low at $0.44 and the high of the day at $0.54 before closing the day at $0.53. The highest point of the price action over the week was at $0.54 - the weekly low during the same period was established at $0.42. Traders saw Celo covering the $0.1 distance between the weekly low and the weekly high, which constituted for a 24% move.

The past 7 days were marked by a change in average daily trading volume from $13 040 075 on November 16 to $32 458 115 on November 22. We can draw the comparison with the period of 7 days that preceded the reviewed one when CELO ’s trading volume varied from $11 022 572 to $50 840 071. Percentage-wise, the trading volume of the asset changed by 40%, in comparison to the previous period, while its price experienced a 24% adjustment.

The change in the total market capitalization of Celo from November 16 to November 22 was as follows: on November 16, the capitalization was at $208 147 959, while on November 22, it reached the level of $213 203 742. The percentage change in the total market capitalization of CELO amounted to 2%. As a consequence of the 2% fluctuation in its market capitalization, the price of the coin changed by 24%. 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 28% on the back of the move from $275 872 504 to $199 389 487.

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Article date: November 22 | November 16 - 22

Market reviews for similar coins for November 16 - 22