Celsius Network market stayed flat from November 17 - November 23.

Celsius Network portrayed neutral behavior last week, with no changes in the price. CEL was caught in a period of medium 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 crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

The unfolding situation in the Celsius Network market suggests that the reviewed digital asset is in the stage of mild volatility. Our comprehensive data indicates that the price change of CEL has been moderate on the back of the average volatility of 7% for the given time period. The highest point of the coin's volatility reached 11.24% in the analyzed time frame. The asset saw its volatility drop to the lowest level for the given period on November 21 as it shrank to 2.95%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

On November 17, the Celsius Network market opened at $0.49, preceded by a period of bearish action. During the opening day on November 17, CEL has had a 2% move to the downside. On November 18, the price of the coin has shifted by 6% from the daily open on the back of a good trading volume. The price range of Celsius Network formed between $0.45 and $0.51 on November 19 as the price traveled 11% up. The trading volume on November 20 rendered support to the 4% bearish move of CEL. The price range of Celsius Network on November 21 formed between $0.48 and $0.44, whereas the daily price extremities were $0.44 and $0.48. The crypto coin opened the trading session on November 22 at $0.44 and finalized it at $0.46; the highest point of price action was at $0.47, the lowest was detected at $0.43. As for the occurrences on November 23, the price of the coin bottomed at $0.46 and peaked at $0.5, while its daily range formed between $0.46 and $0.48. 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 Celsius Network market flatlining.

The trading activity on the Celsius Network market over the past week - November 17 to November 23 - generated the average trading volume that went from $2 549 957 to $1 272 856. We can draw the comparison with the period of 7 days that preceded the reviewed one when CEL ’s trading volume varied from $1 683 654 to $13 671 648. The average trading volume of the asset fluctuated by 70% by comparison with the previous period, whereas the price change of 0% took place over the same period of time.

Celsius Network had its total market capitalization change from $211 923 001 on November 17 to $197 507 180 on November 23, the end of the examined time frame. When translated to percentage rate, the market capitalization of CEL over the past week adjusted by 7%. The 7% change in the coin's market capitalization affected the price rate that saw a 0% shift in the same time period. During the week before the analyzed time frame, the market capitalization of Celsius Network moved by 16% as it went from $244 978 102 to $205 953 546, and gave a better understanding of the general direction in which this market is flowing.

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Article date: November 23 | November 17 - 23

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