The bullish pressure subsides between May 19 and May 25 as Conflux gains only 3%.

The price of Conflux was rising last from May 19 until May 25, giving enough reason to conclude that the market is. The situation on the CFX market shows that the underlying asset is currently experiencing a period of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the increasing trading volume.

The unfolding situation in the Conflux market suggests that the reviewed digital asset is in the stage of mild volatility. We established that CFX didn't showcase any significant price action due to the market's mild average volatility of 7%. The most significant volatility occurred on May 19 and reached 7.93%. The asset has been the least volatile on May 23; at this time, the volatility stood at 0.21%. Since the volatility of 7% can be deemed as mild, the crypto coin's market can be characterised as composed.

During the opening day on May 19, CFX has had a 3% move to the upside. On May 20 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on May 21, with the Conflux market remaining flat. The trading volume on May 22 rendered support to the 6% bullish move of CFX. Conflux finalized the trading day of May 23 at $0.32 after opening it at $0.32, though the price broke through that corridor to hit the 24H high at $0.34 and the 24H low at $0.32. On May 24, the crypto coin showcased the following price fluctuations: the trading session began at $0.32 and then traveled from the low of the day at $0.31 to the high of the day at $0.32, closing at $0.31. The coin's market saw no changes on May 25, as the market flatlined. Over the course of all trading sessions, the asset established the weekly low at $0.29 while buyers managed to push the price up to the weekly high at $0.34. Conflux shaped the $0.008 price range over the week of price action, which constituted the 3% gap between the weekly low and the weekly high.

The past 7 days were marked by a change in average daily trading volume from $119 991 077 on May 19 to $196 833 194 on May 25. In order to have a better grasp of the CFX market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $67 057 269 to $246 392 467. Percentage-wise, the trading volume of the asset changed by 21%, in comparison to the previous period, while its price experienced a 3% adjustment.

Conflux had its total market capitalization change from $619 754 064 on May 19 to $656 127 157 on May 25, the end of the examined time frame. Percentage-wise, the market capitalization of CFX has shifted by 6% in the past week. The said 6% percentage change in market capitalization of the coin was accompanied by the 3% fluctuation in the price of the underlying asset. A more precise analysis of the Conflux market also requires a comparison with the change in market capitalization from the week before, which amounted to 18% on the back of the move from $535 541 772 to $633 691 631.

Fri 19May 21Tue 23Thu 25Fri 19May 21Tue 23Thu 250.3000.3050.3100.3150.3200.3000.3050.3100.3150.320
Article date: May 25 | May 19 - 25

Market reviews for similar coins for May 19 - 25