The capitulation of November 10 - November 16 : Curve DAO Token experienced a 14% dive.
The analysis of last week’s price action shows that the Curve DAO Token market is in the bearish phase since the price has been moving downward. The price swings of CRV pointed to the presence of medium volatility. 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.
The volatility has been suppressed, as the Curve DAO Token price action suggests. During the reviewed period, the volatility of CRV was in the middle register, averaging at 11%. The volatility of the coin reached its highest point at 13.78% during the observed period. The price of the asset had fluctuated the least on November 14, when the volatility plummeted to 1.22%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
The price of CRV took a 12% up upswing at the open of the weekly trading period. The 6% move in the downward direction took place on the second day after the weekly open. During the next trading day, the rate of change in the price of Curve DAO Token stood at 4% having reached the low at $0.62 and the high at $0.66 as the advantage remained on the side of sellers. On November 14, CRV market moved by 2% in the bearish direction in concert with the trading volume. The price oscillation of Curve DAO Token on November 14 was in the $0.63 - $0.61 range; at the same time, the price stretched out to reach the 24H low at $0.59 and the 24H high at $0.63. The crypto coin opened the trading session on November 15 at $0.6 and finalized it at $0.61; the highest point of price action was at $0.63, the lowest was detected at $0.6. On the last day of the reviewed period, the coin was locked between $0.62 and $0.59, though the price managed to puncture these levels to reach the 24H high at $0.62 and the 24H low at $0.58. The price action on the asset's market during the period between November 10 and November 16 topped at $0.71, while the bottom of the price range was established at $0.54. The price action on the weekly time frame made Curve DAO Token within the 14% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.1.
As for the average trading volume in the time slot between November 10 and November 16, the Curve DAO Token market registered the change from $170 311 103 to $49 057 349. A more comprehensive analysis of CRV price action requires the comparison of the trading volume between November 10 and November 16 with that from the preceding week that demonstrated how the trading volume fluctuated between $69 327 238 and $203 773 531. The average trading volume of the asset fluctuated by 26% by comparison with the previous period, whereas the price change of 14% took place over the same period of time.
The total capitalization of Bitcoin at the start of the analyzed time period (November 10) amounted to $347 288 569; by the end of that period (November 16), the capitalization went to $384 095 885. CRV experienced a 11% change in total market capitalization throughout the past seven days. The price of the coin changed by 14% on the back of the 11% shift in its total market capitalization. During the week before the analyzed time frame, the market capitalization of Curve DAO Token moved by 9% as it went from $488 953 982 to $444 610 573, and gave a better understanding of the general direction in which this market is flowing.