Curve DAO Token analysis November 11 - November 17 : bears in all-out attack as the price collapses by 13%.
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 situation on the CRV market shows that the underlying asset is currently experiencing a period of low volatility. The price action on the coin's market translated to the decline of market capitalization. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
According to our market analysis, the weak price movement of Curve DAO Token was dictated by low volatility. The data derived from our credible sources shows that the average volatility of CRV didn't exceed 1.22%, which is indicative of weak price action. In the period between November 11 and November 17, the volatility of the coin peaked at 1.22%. The quietest period on the asset's market was recorded on November 15, when the volatility dropped to the minimum at 1.22%. The unimpressive volatility of 1.22% showcases the overall weakness of the crypto coin.
The losses of CRV after the weekly open on November 11 amounted to 6%. The coin market was down by 4% on November 12, the second day of the reviewed time period. The price range of Curve DAO Token formed between $0.6 and $0.63 on November 13 as the price traveled 2% down. The trading volume on November 14 rendered support to the 4% bearish move of CRV. The price oscillation of Curve DAO Token on November 15 was in the $0.6 - $0.61 range; at the same time, the price stretched out to reach the 24H low at $0.6 and the 24H high at $0.63. On November 16, the crypto coin showcased the following price fluctuations: the trading session began at $0.62 and then traveled from the low of the day at $0.58 to the high of the day at $0.62, closing at $0.59. November 17 presented us with the following price action data: the coin opened the period at $0.59 and went on to establish the low at $0.54 and the high of the day at $0.59 before closing the day at $0.56. The price action on the asset's market during the period between November 11 and November 17 topped at $0.7, while the bottom of the price range was established at $0.54. As a result of price action within the designated time period, the price movement range on the Curve DAO Token market was established at $0.08 or 13% between the weekly low and the weekly high.
In the period November 11 - November 17, the trading volume of Curve DAO Token went from $127 007 360 on the first day of the reviewed period to $44 925 097 on the closing day. In order to have a better grasp of the CRV 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 $75 046 733 to $203 773 531. Percentage-wise, the trading volume of the asset changed by 49%, in comparison to the previous period, while its price experienced a 13% adjustment.
Bitcoin began the observed period November 11 - November 17, with the market capitalization of $435 135 769 and finalized it at the market capitalization level of $373 511 296. CRV experienced a 14% change in total market capitalization throughout the past seven days. The 14% change in the coin's market capitalization affected the price rate that saw a 13% shift in the same time period. 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 $510 017 119 on November 4 and $347 288 569 on November 10, which translates to a 32% change.