Gelato(gel)market reviews and price predictions
Gelato market statement for 2022-10-06
Yesterday the price of gel stood at $0.18. The market capitalization of the asset was $9 260 542. Gelato’s volatility was established at 1.77%. The trading volume of the coin reached $181 551.
Gelato prognosis for the next days:
We estimate the price of Gelato to be $0.15 tomorrow 2022-10-08 and $0.17 on 2022-10-14;
We estimate the market capitalization of Gelato to reach $8 989 575 tomorrow 2022-10-08 and $9 107 140 on 2022-10-10;
We estimate the volatility of Gelato to become 1.77% tomorrow 2022-10-08 and 2.1% on 2022-10-10;
We estimate the trading volume of Gelato to amount to $172 277 tomorrow 2022-10-08 and $176 936 on 2022-10-10.
Our recommendation for the pair GEL/USD for tomorrow, 2022-10-08, to sell.
Buyers weakened their grip on the Gelato market (September 30 - October 6) as the price rose only by 2%.
Between September 30 - October 6, Gelato has been mostly as its price has been in the rising mode. GEL was caught in a period of low volatility, which was reflected in its price action. There has been a rise in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Gelato sees limited 1% gains between September 29 and October 5 as the market cools down.
The price of Gelato was rising last from September 29 until October 5, giving enough reason to conclude that the market is. The volatility associated with the GEL market was low, as were its price fluctuations. The asset saw its market capitalization growing over the reviewed period together with its price. The price action of the crypto coin last week took place on the back of increased trading volume.
September 28 - October 4 price action recap: Gelato sees a weak 2% gain as the buyers take a step back.
Between September 28 - October 4, Gelato has been mostly as its price has been in the rising mode. The price swings of GEL pointed to the presence of low volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin from last week stemmed from the increasing trading volume.
Bearish price action on September 27 to October 3 resulted in Gelato by 6%.
The analysis of last week’s price action shows that the Gelato market is in the phase since the price has been moving downward. The volatility associated with the GEL market was low, as were its price fluctuations. The price action on the coin's market translated to the growth of market capitalization. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Gelato retraces by 4% in the period September 26 - October 2 as the market turns slightly bearish.
Gelato has been bearish last week as its price has been predominantly falling. The volatility of GEL has been low throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The price action of the crypto coin from last week stemmed from the increasing trading volume.
Gelato retraces by 4% in the period September 25 - October 1 as the market turns slightly bearish.
The analysis of last week’s price action shows that the Gelato market is in the bearish phase since the price has been moving downward. The volatility of GEL has been low throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization growing over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
Slightly bearish : traders witnessed Gelato moving down 3% from September 24 till September 30.
Gelato has been bearish last week as its price has been predominantly falling. The volatility associated with the GEL market was low, as were its price fluctuations. The asset saw its market capitalization growing over the reviewed period together with its price. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
Down by 1% : The Gelato market saw some bearish action last week (September 18 - September 24).
The bearish behavior of Gelato last week was characterized by the occurrence of downswings. The volatility associated with the GEL market was medium, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The bleeding market: Gelato loses 6% between September 17 and September 23 as the selling pressure grows.
The analysis of last week’s price action shows that the Gelato market is in the bearish phase since the price has been moving downward. The volatility of GEL has been medium throughout the reviewed period in correspondence with the 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.
Bearish price action on September 16 to September 22 resulted in Gelato by 8%.
The price of Gelato was falling last from September 16 until September 22, giving enough reason to conclude that the market is bearish. The price swings of GEL pointed to the presence of medium volatility. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the decreasing trading volume.