The November 8 - 14 market report: Curve DAO Token plunges by 27% as sellers apply more pressure.

The price of Curve DAO Token was falling last from November 8 until November 14, giving enough reason to conclude that the market is bearish. The price swings of CRV pointed to the presence of high 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.

We have established that the average volatility of Curve DAO Token was at 27.25% in concert with its rapid price change. The volatility of the asset has reached the extreme after going as high as 27.25% - it happened on November 8. The coin saw its volatility drop to a minimum at 1.22% on November 14. The present volatility of 27.25% renders the CRV market unstable with the possibility of violent price swings.

The trading session on November 8 started with Curve DAO Token opening at $1.01 on the backdrop of bearish sentiment throughout the market. On November 8, the first trading session of the reviewed time period, the market participants saw CRV moving down by 18%. The coin market was down by 23% on November 9, the second day of the reviewed time period. Curve DAO Token posted the interim low at $0.54 on November 10 and then moved up by 12% and peaked at $0.71. The CRV market was down as the price shifted by 6% on November 11, against the backdrop of the sufficient trading volume. Curve DAO Token finalized the trading day of November 12 at $0.62 after opening it at $0.65, though the price broke through that corridor to hit the 24H high at $0.66 and the 24H low at $0.62. The price action on November 13 saw the crypto coin moving along the following route: starting point at $0.62 and closing point at $0.61, while it also deviated to establish the high of the day at $0.63 and the low of the day at $0.6. The coin found the deepest trough (24H low) at $0.59 on November 14 and then exploded to the ceiling (24H high) at $0.63; the price range for that day was between $0.63 and $0.61. The price action on the asset's market during the period between November 8 and November 14 topped at $1.02, while the bottom of the price range was established at $0.54. Curve DAO Token shaped the $0.22 price range over the week of price action, which constituted the 27% gap between the weekly low and the weekly high.

The trading activity on the Curve DAO Token market over the past week - November 8 to November 14 - generated the average trading volume that went from $96 081 906 to $55 663 564. A more comprehensive analysis of CRV price action requires the comparison of the trading volume between November 8 and November 14 with that from the preceding week that demonstrated how the trading volume fluctuated between $45 687 897 and $169 878 000. Percentage-wise, the trading volume of the asset changed by 33%, in comparison to the previous period, while its price experienced a 27% adjustment.

The change in the total market capitalization of Curve DAO Token from November 8 to November 14 was as follows: on November 8, the capitalization was at $571 169 132, while on November 14, it reached the level of $399 528 424. The percentage change in the total market capitalization of CRV amounted to 30%. While the market capitalization of the coin was altered by 30%, its price has made a 27% change. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $499 673 872 on November 1 and $543 122 794 on November 7, which translates to a 9% change.

Price
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Capitalization
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Wed 09Fri 11Nov 13Wed 09Fri 11Nov 130.600.650.700.750.800.600.650.700.750.80
Article date: November 14 | November 8 - 14

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