Curve DAO Token market outlook from November 17 - November 23 :the price surges by 23%.
Between November 17 - November 23, Curve DAO Token has been mostly as its price has been in the rising mode. The volatility associated with the CRV market was high, as were its price fluctuations. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
Due to the active price action, the average volatility of Curve DAO Token jumped to 23.54%. November 17 was the day when the asset was the most volatile, with the volatility going as high as 23.54%. The coin saw its volatility drop to a minimum at 0.47% on November 23. The high volatility of 23.54% points to the possibility of unpredictable and violent price action.
The opening price of Curve DAO Token was at $0.59 on November 17, with having a more visible presence on the market. On November 17, the first trading session of the reviewed time period, the market participants saw CRV moving down by 4%. The 3% move in the downward direction took place on the second day after the weekly open. The cautious traders dominated the price action on November 19, with the Curve DAO Token market remaining flat. The trading volume on November 20 rendered support to the 6% bearish move of CRV. The price range of Curve DAO Token on November 21 formed between $0.52 and $0.49, whereas the daily price extremities were $0.49 and $0.53. On November 22, the crypto coin showcased the following price fluctuations: the trading session began at $0.48 and then traveled from the low of the day at $0.41 to the high of the day at $0.72, closing at $0.6. Most trading activity on November 23 occurred in the space between $0.6 and $0.69; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.6, though the bulls had also staged the rally to the 24H high at $0.69. The asset posted the weekly low at $0.41, while the top of the weekly trading session was registered at $0.72. The difference between the lowest and the highest price points for the week was 23%, as the price moved in the $0.13 wide corridor.
Over the period of the last 7 days, November 17 to November 23, Curve DAO Token saw its average trading volume fluctuate between $44 925 097 and $1 013 712 150. During the week before November 17, the trading volume of CRV flowed from $44 904 349 to $170 311 103. The 127% trading volume fluctuation between November 17 and November 23, as compared with the previous period, served as a basis for a 23% price move.
The total capitalization of Bitcoin at the start of the analyzed time period (November 17) amounted to $373 511 296; by the end of that period (November 23), the capitalization went to $403 122 267. CRV experienced a 8% change in total market capitalization throughout the past seven days. As a consequence of the 8% fluctuation in its market capitalization, the price of the coin changed by 23%. 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 11% as it went from $347 288 569 to $373 511 296.