Celsius Network market outlook from November 18 - November 24 :the price surges by 11%.

The price of Celsius Network was rising last from November 18 until November 24, giving enough reason to conclude that the market is. The volatility of CEL has been medium throughout the reviewed period in correspondence with the price action. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.

The situation on the Celsius Network market allows us to characterise its volatility as mild. We established that CEL didn't showcase any significant price action due to the market's mild average volatility of 7%. The coin has hit the highest point of volatility on November 18. The asset saw its volatility drop to the lowest level for the given period on November 22 as it shrank to 2.95%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.

The trading session on November 18 started with Celsius Network opening at $0.48 on the backdrop of neutral sentiment throughout the market. The first day of price action was marked by the 6% move to the downside from the point where the trading session opened. November 19 saw the coin going another 11% since the open, supported by the corresponding trading volume. The bears dominated the price action during the following trading period as the price drifted 4% to the downside, having established the low for the reviewed time frame at $0.48, while the high was recorded at $0.52. On November 22, CEL market moved by 8% in the bearish direction in concert with the trading volume. After the open at $0.44, Celsius Network moved during November 22 in the range between the said open and the close at $0.46, having posted the 24H low at $0.43 and the 24H high at $0.47. The crypto coin opened the trading session on November 23 at $0.46 and finalized it at $0.48; the highest point of price action was at $0.5, the lowest was detected at $0.46. On the last day of the reviewed period, the coin was locked between $0.48 and $0.5, though the price managed to puncture these levels to reach the 24H high at $0.5 and the 24H low at $0.48. During the reviewed time period, the asset was able to achieve the weekly high at $0.52, though at a certain point, the bear pressurized the price down to the weekly low at $0.43. As a result of price action within the designated time period, the price movement range on the Celsius Network market was established at $0.05 or 11% between the weekly low and the weekly high.

Over the period of the last 7 days, November 18 to November 24, Celsius Network saw its average trading volume fluctuate between $1 260 478 and $1 594 824. A more comprehensive analysis of CEL price action requires the comparison of the trading volume between November 18 and November 24 with that from the preceding week that demonstrated how the trading volume fluctuated between $1 683 654 and $9 668 910. The 63% trading volume fluctuation between November 18 and November 24, as compared with the previous period, served as a basis for a 11% price move.

CEL experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. Celsius Network market capitalization from the week before experienced no change, as a result there were no price fluctuations.

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Article date: November 24 | November 18 - 24

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