The bears had a field day between November 5 and November 11 as Global Coin Research got knocked down by 27%.

The bearish behavior of Global Coin Research last week was characterized by the occurrence of downswings. The price swings of GCR pointed to the presence of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

The price action of Global Coin Research has been contained due to modest volatility. During the reviewed period, the volatility of GCR was in the middle register, averaging at 17%. The coin has hit the highest point of volatility on November 5. 0% was the rock bottom for the asset's volatility that was reached on November 9. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

The price of GCR took a 4% up upswing at the open of the weekly trading period. The coin market was down by 1% on November 6, the second day of the reviewed time period. The cautious traders dominated the price action on November 7, with the Global Coin Research market remaining flat. On November 8, the value of GCR was in the range, with the market remaining flat. Global Coin Research finalized the trading day of November 9 at $1.78 after opening it at $1.93, though the price broke through that corridor to hit the 24H high at $2.01 and the 24H low at $1.78. The price action on November 10 saw the crypto coin moving along the following route: starting point at $1.72 and closing point at $1.47, while it also deviated to establish the high of the day at $1.74 and the low of the day at $1.47. Most trading activity on November 11 occurred in the space between $1.47 and $1.49; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $1.45, though the bulls had also staged the rally to the 24H high at $1.49. The price action on the asset's market during the period between November 5 and November 11 topped at $2.06, while the bottom of the price range was established at $1.45. Traders saw Global Coin Research covering the $0.56 distance between the weekly low and the weekly high, which constituted for a 27% move.

As for the average trading volume in the time slot between November 5 and November 11, the Global Coin Research market registered the change from $259 to $12 772. During the week before November 5, the trading volume of GCR flowed from $2 156 to $35 997. The 108% trading volume fluctuation between November 5 and November 11, as compared with the previous period, served as a basis for a 27% price move.

The change in the total market capitalization of Global Coin Research from November 5 to November 11 was as follows: on November 5, the capitalization was at $19 918 375, while on November 11, it reached the level of $14 577 191. The rate of percentage change for the last week for GCR was 27%. The 27% change in the coin's market capitalization affected the price rate that saw a 27% shift in the same time period. A more precise analysis of the Global Coin Research market also requires a comparison with the change in market capitalization from the week before, which amounted to 4% on the back of the move from $20 603 363 to $19 873 358.

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Article date: November 11 | November 5 - 11

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