The market crumbled last week (November 12 - November 18) as Curve DAO Token lost 12%.
The bearish behavior of Curve DAO Token last week was characterized by the occurrence of downswings. The price swings of CRV pointed to the presence of low volatility. 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 volatility is low on the Curve DAO Token market, as the latest data suggests. The insignificant movement of the CRV market came as the result of low average volatility that amounted to 1.22%. 4.16% was the maximum volatility that the coin managed to showcase on November 16. The quietest period on the asset's market was recorded on November 16, when the volatility dropped to the minimum at 1.22%. The volatility of 1.22% is too low for the crypto coin to engage in any attention-worthy price action.
During the opening day on November 12, CRV has had a 4% move to the downside. On November 13, the price of the coin has shifted by 2% from the daily open on the back of a good trading volume. The bears dominated the price action during the following trading period as the price drifted 4% to the downside, having established the low for the reviewed time frame at $0.59, while the high was recorded at $0.63. On November 16, CRV market moved by 2% in the bullish direction in concert with the trading volume. Curve DAO Token finalized the trading day of November 16 at $0.59 after opening it at $0.62, though the price broke through that corridor to hit the 24H high at $0.62 and the 24H low at $0.58. On November 17, the crypto coin showcased the following price fluctuations: the trading session began at $0.59 and then traveled from the low of the day at $0.54 to the high of the day at $0.59, closing at $0.56. Most trading activity on November 18 occurred in the space between $0.56 and $0.54; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.54, though the bulls had also staged the rally to the 24H high at $0.57. The asset posted the weekly low at $0.54, while the top of the weekly trading session was registered at $0.66. Curve DAO Token bounced 12% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.08.
The trading activity on the Curve DAO Token market over the past week - November 12 to November 18 - generated the average trading volume that went from $78 270 080 to $73 004 890. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the CRV market had its volume ranging between $76 736 895 and $203 773 531. Percentage-wise, the trading volume of the asset changed by 57%, in comparison to the previous period, while its price experienced a 12% adjustment.
The total capitalization of Bitcoin at the start of the analyzed time period (November 12) amounted to $417 307 131; by the end of that period (November 18), the capitalization went to $351 091 839. The rate of percentage change for the last week for CRV was 16%. The said 16% percentage change in market capitalization of the coin was accompanied by the 12% fluctuation in the price of the underlying asset. A better understanding of the lay of the land on the Curve DAO Token market requires a comparison with the preceding week when the total market capitalization of Curve DAO Token changed by 25% as it went from $579 998 666 to $417 307 131.