Gelato(gel)market reviews and price predictions
Gelato market statement for 2023-02-04
Yesterday the price of gel stood at $0.22. The market capitalization of the asset was $12 653 773. Gelato’s volatility was established at 23.81%. The trading volume of the coin reached $182 158.
Gelato prognosis for the next days:
We estimate the price of Gelato to be $0.18 tomorrow 2023-02-07 and $0.17 on 2023-02-13;
We estimate the market capitalization of Gelato to reach $10 040 033 tomorrow 2023-02-07 and $11 100 109 on 2023-02-09;
We estimate the volatility of Gelato to become 4.21% tomorrow 2023-02-07 and 6.6% on 2023-02-09;
We estimate the trading volume of Gelato to amount to $90 273 tomorrow 2023-02-07 and $114 641 on 2023-02-09.
Our recommendation for the pair GEL/USD for tomorrow, 2023-02-07, to sell.
A 44% price appreciation seen on the Gelato market between January 29 and February 4.
The bullish behavior of Gelato last week was characterized by the occurrence of upswings. GEL was caught in a period of high volatility, which was reflected in its price action. The asset saw its market capitalization growing over the reviewed period together with its price. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
The buyers controlled the Gelato market between January 28 and February 3 as the price grew by 8%.
Between January 28 - February 3, Gelato has been mostly bullish as its price has been in the rising mode. GEL was caught in a period of medium 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.
Buyers weakened their grip on the Gelato market (January 25 - January 31) as the price rose only by 2%.
The upward movement of the Gelato price last week indicates the chosen market is bullish. The situation on the GEL market shows that the underlying asset is currently experiencing a period of medium volatility. 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.
Market review from January 18 to January 24 : Gelato gets a 7% price appreciation.
Between January 18 - January 24, Gelato has been mostly as its price has been in the rising mode. The volatility of GEL has been medium throughout the reviewed period in correspondence with the price action. 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 exploded by 24% in the period of January 8 - January 14 as the buyers got an upper hand.
The price of Gelato was rising last from January 8 until January 14, giving enough reason to conclude that the market is bullish. GEL has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the increasing trading volume.
Gelato sees limited 3% gains between January 7 and January 13 as the market cools down.
Gelato has been bearish last week as its price has been predominantly rising. The volatility associated with the GEL market was medium, as were its price fluctuations. The asset saw its market capitalization falling over the reviewed period together with its price. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
Bearish response: The Gelato price melts by 1% between January 5 and January 11.
The downward movement of the Gelato price last week indicates the chosen market is bearish. GEL was caught in a period of medium volatility, which was reflected in its price action. 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.
Gelato analysis January 2 - January 8 : bears in all-out attack as the price collapses by 17%.
The price of Gelato was falling last from January 2 until January 8, 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 trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The market crumbled last week (January 1 - January 7) as Gelato lost 12%.
Gelato has been bearish last week as its price has been predominantly falling. GEL 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 price action of the crypto coin from last week stemmed from the decreasing trading volume.
December 28 - January 3 market wrap: Gelato had a slight 1% drop.
The price of Gelato was falling last from December 28 until January 3, giving enough reason to conclude that the market is. The price swings of GEL pointed to the presence of low volatility. 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.