The capitulation of November 13 - November 19 : Curve DAO Token experienced a 11% dive.
The bearish behavior of Curve DAO Token last week was characterized by the occurrence of downswings. CRV was caught in a period of low volatility, which was reflected in its price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
Curve DAO Token is experiencing low volatility, as confirmed by our comprehensive analysis. The average volatility of CRV was as low as 0.47%, causing the dull price action. In the period between November 13 and November 19, the volatility of the coin peaked at 0.47%. The quietest period on the asset's market was recorded on November 17, when the volatility dropped to the minimum at 0.47%. Since the current volatility of the crypto coin is low, we expect the price fluctuations of the digital asset at hand to be insignificant.
The price of CRV took a 2% down downswing at the open of the weekly trading period. The market sentiment on November 14 stayed as the coin obtained another 4%. Curve DAO Token posted the interim low at $0.6 on November 15 and then moved up by 2% and peaked at $0.63. Over the next trading period (on November 16), CRV was moving down by 5% on the back of a congruous trading volume. Curve DAO Token finalized the trading day of November 17 at $0.56 after opening it at $0.59, though the price broke through that corridor to hit the 24H high at $0.59 and the 24H low at $0.54. The crypto coin opened the trading session on November 18 at $0.56 and finalized it at $0.54; the highest point of price action was at $0.57, the lowest was detected at $0.54. The coin's market saw no changes on November 19, as the market flatlined. During the reviewed time period, the asset was able to achieve the weekly high at $0.63, though at a certain point, the bear pressurized the price down to the weekly low at $0.54. Curve DAO Token bounced 11% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.07.
As for the average trading volume in the time slot between November 13 and November 19, the Curve DAO Token market registered the change from $44 904 349 to $37 819 483. We can draw the comparison with the period of 7 days that preceded the reviewed one when CRV ’s trading volume varied from $76 736 895 to $203 773 531. The 57% 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 11%.
The total capitalization of Bitcoin at the start of the analyzed time period (November 13) amounted to $380 138 207; by the end of that period (November 19), the capitalization went to $353 640 176. CRV experienced a 7% change in total market capitalization throughout the past seven days. The price of the coin changed by 11% on the back of the 7% shift in its total market capitalization. Curve DAO Token ’s market capitalization from the week before changed by 26%, as the result of fluctuation between $566 436 739 and $380 138 207, to give a clearer vision of the current state of the market.