Channels(can)market reviews and price predictions
Channels market statement for 2023-01-24
Yesterday the price of can stood at $0.0006. The market capitalization of the asset was $409 701. Channels’s volatility was established at 17.04%. The trading volume of the coin reached $491 680.
Channels prognosis for the next days:
We estimate the price of Channels to be $0.0005 tomorrow 2023-01-27 and $0.0005 on 2023-02-02;
We estimate the market capitalization of Channels to reach $338 060 tomorrow 2023-01-27 and $353 205 on 2023-01-29;
We estimate the volatility of Channels to become 3.26% tomorrow 2023-01-27 and 6.66% on 2023-01-29;
We estimate the trading volume of Channels to amount to $422 034 tomorrow 2023-01-27 and $433 099 on 2023-01-29.
Our recommendation for the pair CAN/USD for tomorrow, 2023-01-27, to sell.
Market analysis January 18 - January 24 : Channels posts a 35% rally.
The price of Channels was rising last from January 18 until January 24, giving enough reason to conclude that the market is bullish. The volatility of CAN has been medium throughout the reviewed period in correspondence with the price action. The price action on the coin's market translated to the growth of market capitalization. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
A 15% price appreciation seen on the Channels market between January 7 and January 13.
Channels has been last week as its price has been predominantly rising. The price swings of CAN pointed to the presence of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
A 10% price increase last week (January 6 - January 12) confirms the bullishness of Channels.
The upward movement of the Channels price last week indicates the chosen market is. The situation on the CAN market shows that the underlying asset is currently experiencing a period of medium volatility. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the increasing trading volume.
The January 3 - 9 market report: Channels plunges by 12% as sellers apply more pressure.
Between January 3 - January 9, Channels has been mostly bearish as its price has been in the falling mode. The price swings of CAN pointed to the presence of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
December 27 - January 2 price action recap: Channels sees a weak 2% gain as the buyers take a step back.
Channels has been bearish last week as its price has been predominantly rising. CAN was caught in a period of medium volatility, which was reflected in its 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.
Channels analysis December 26 - January 1 : bears in all-out attack as the price collapses by 14%.
Between December 26 - January 1, Channels has been mostly bearish as its price has been in the falling mode. The volatility associated with the CAN market was medium, as were its price fluctuations. There has been a fall in the market capitalization of the asset during the period under review. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The market crumbled last week (December 25 - December 31) as Channels lost 14%.
Channels has been bearish last week as its price has been predominantly falling. The situation on the CAN market shows that the underlying asset is currently experiencing a period of medium volatility. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin last week took place on the back of decreased trading volume.
The bears had a field day between December 23 and December 29 as Channels got knocked down by 12%.
Channels has been bearish last week as its price has been predominantly falling. The situation on the CAN market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The bleeding market: Channels loses 9% between December 22 and December 28 as the selling pressure grows.
Between December 22 - December 28, Channels has been mostly bearish as its price has been in the falling mode. CAN 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 price action of the crypto coin from last week stemmed from the decreasing trading volume.
The torpid Channels had its price rise only by 5% last week (December 20 - December 26).
The analysis of last week’s price action shows that the Channels market is in the phase since the price has been moving upward. CAN has been going through a period of low volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The price action of the crypto coin from last week stemmed from the increasing trading volume.