Convergence(conv)market reviews and price predictions
Convergence market statement for 2023-02-02
Yesterday the price of conv stood at $0.001. The market capitalization of the asset was $2 462 152. Convergence’s volatility was established at 1.58%. The trading volume of the coin reached $866 990.
Convergence prognosis for the next days:
We estimate the price of Convergence to be $0.001 tomorrow 2023-02-07 and $0.001 on 2023-02-13;
We estimate the market capitalization of Convergence to reach $2 401 026 tomorrow 2023-02-07 and $2 409 824 on 2023-02-09;
We estimate the volatility of Convergence to become 2.99% tomorrow 2023-02-07 and 2.6% on 2023-02-09;
We estimate the trading volume of Convergence to amount to $252 400 tomorrow 2023-02-07 and $405 856 on 2023-02-09.
Our recommendation for the pair CONV/USD for tomorrow, 2023-02-07, to hold.
The bullish pressure subsides between January 27 and February 2 as Convergence gains only 2%.
The behavior of Convergence last week was characterized by the occurrence of upswings. The volatility of CONV has been medium throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
Convergence lost 9% in the period January 24 - January 30 as a result of selling pressure.
Between January 24 - January 30, Convergence has been mostly bearish as its price has been in the falling mode. The volatility of CONV has been medium throughout the reviewed period in correspondence with the price action. The price action on the coin's market translated to the decline of market capitalization. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The bleeding market: Convergence loses 7% between January 23 and January 29 as the selling pressure grows.
The downward movement of the Convergence price last week indicates the chosen market is bearish. The price swings of CONV pointed to the presence of medium volatility. 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.
A 20% drop on the Convergence market last week (January 22 - January 28) signals that the sellers are gaining strength.
Between January 22 - January 28, Convergence has been mostly bearish as its price has been in the falling mode. The situation on the CONV market shows that the underlying asset is currently experiencing a period of medium volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Slightly bearish : traders witnessed Convergence moving down 2% from January 20 till January 26.
The price of Convergence was falling last from January 20 until January 26, giving enough reason to conclude that the market is bearish. CONV has been going through a period of medium volatility, which fell in line with the occurred price changes. The asset saw its market capitalization falling over the reviewed period together with its price. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The bullish pressure subsides between January 18 and January 24 as Convergence gains only 5%.
Between January 18 - January 24, Convergence has been mostly bearish as its price has been in the rising mode. The volatility associated with the CONV market was medium, as were its price fluctuations. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
The bulls muster more strength as Convergence rises by 11% from January 16 to January 22.
The behavior of Convergence last week was characterized by the occurrence of upswings. The volatility of CONV has been medium throughout the reviewed period in correspondence with the price action. There has been a fall in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The bears stepped up a gear on January 14 - January 20, dropping the price of Convergence by 10%.
The price of Convergence was falling last from January 14 until January 20, giving enough reason to conclude that the market is. CONV was caught in a period of medium volatility, which was reflected in its price action. The asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Convergence market stayed flat from January 12 - January 18.
Convergence portrayed neutral behavior last week, with no changes in the price. The situation on the CONV market shows that the underlying asset is currently experiencing a period of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Convergence slid down by 1% last week (January 10 - January 16) as the sellers pushed back.
The analysis of last week’s price action shows that the Convergence market is in the phase since the price has been moving downward. The situation on the CONV 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 past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.