Convex CRV

Convex CRV exploded by 22% in the period of November 17 - November 23 as the buyers got an upper hand.

The upward movement of the Convex CRV price last week indicates the chosen market is. CVXCRV was caught in a period of high volatility, which was reflected in its price action. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.

During the reported period, Convex CRV has been swinging for the fences, which resulted in an average volatility of 33.43% for the given period. The asset was the most volatile on November 17 when the registered volatility shot up to 33.43%. On November 23, the coin's volatility was at its minimum level of 0.68%. The present volatility of 33.43% renders the CVXCRV market unstable with the possibility of violent price swings.

The trading session on November 17 started with Convex CRV opening at $0.56 on the backdrop of neutral sentiment throughout the market. During the opening day on November 17, CVXCRV has had a 4% move to the downside. The 1% move in the downward direction took place on the second day after the weekly open. On November 19, the market was moving to the downside as Convex CRV went 1% down from the low at $0.52 to the high at $0.53. On November 21, CVXCRV market moved by 4% in the bearish direction in concert with the trading volume. Convex CRV finalized the trading day of November 21 at $0.47 after opening it at $0.5, though the price broke through that corridor to hit the 24H high at $0.51 and the 24H low at $0.47. The trading period on November 22 saw the crypto coin forming the price amplitude between the open at $0.46 and the close at $0.63, also interacting with $0.39 (24H low) and $0.39 (24H high). November 23 presented us with the following price action data: the coin opened the period at $0.53 and went on to establish the low at $0.53 and the high of the day at $0.65 before closing the day at $0.65. The asset posted the weekly low at $0.39, while the top of the weekly trading session was registered at $0.65. The price action on the weekly time frame made Convex CRV within the 22% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.12.

Convex CRV ’s average trading volume on the opening day of the observed time period, November 17, stood at $1 419 656, while on the closing day of the same period, it moved to $3 468 763. In order to have a better grasp of the CVXCRV 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 $1 059 793 to $3 448 770. The 34% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 22%.

The change in the total market capitalization of Convex CRV from November 17 to November 23 was as follows: on November 17, the capitalization was at $160 512 737, while on November 23, it reached the level of $161 460 022. When translated to percentage rate, the market capitalization of CVXCRV over the past week adjusted by 1%. The 1% change in the coin's market capitalization affected the price rate that saw a 22% shift in the same time period. Convex CRV ’s market capitalization from the week before changed by 12%, as the result of fluctuation between $147 185 916 and $160 512 737, to give a clearer vision of the current state of the market.

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Article date: November 23 | November 17 - 23

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