A 32% drop on the Global Coin Research market last week (November 8 - November 14) signals that the sellers are gaining strength.
The price of Global Coin Research was falling last from November 8 until November 14, giving enough reason to conclude that the market is bearish. The volatility associated with the GCR market was medium, as were its price fluctuations. The price action on the coin's market translated to the decline of market capitalization. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The unfolding situation in the Global Coin Research market suggests that the reviewed digital asset is in the stage of mild volatility. Our comprehensive data indicates that the price change of GCR has been moderate on the back of the average volatility of 16% for the given time period. The highest point of the coin's volatility reached 17.42% in the analyzed time frame. 0% was the rock bottom for the asset's volatility that was reached on November 12. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
There were no gains or losses to the GCR market on November 8, it remained flat. The price action of the coin remained bearish on November 9 as the bears pushed the price down by 8%. During the following trading period on November 10, the price of Global Coin Research oscillated between the low at $1.47 and the high at $1.74, while the price moved down by 15%. On November 12, GCR market moved by 1% in the bullish direction in concert with the trading volume. Global Coin Research finalized the trading day of November 12 at $1.52 after opening it at $1.5, though the price broke through that corridor to hit the 24H high at $1.52 and the 24H low at $1.49. On November 13, the crypto coin showcased the following price fluctuations: the trading session began at $1.52 and then traveled from the low of the day at $1.47 to the high of the day at $1.55, closing at $1.47. On the last day of the reviewed period, the coin was locked between $1.47 and $1.38, though the price managed to puncture these levels to reach the 24H high at $1.49 and the 24H low at $1.38. $1.38 was the bottom of price action for the week, though the price went to the high extreme at $2.06 over the same time period. Global Coin Research shaped the $0.66 price range over the week of price action, which constituted the 32% gap between the weekly low and the weekly high.
The trading activity on the Global Coin Research market over the past week - November 8 to November 14 - generated the average trading volume that went from $67 096 to $4 539. In order to have a better grasp of the GCR market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $259 to $35 997. The average trading volume of the asset fluctuated by 75% by comparison with the previous period, whereas the price change of 32% took place over the same period of time.
The past week saw the market capitalization of Global Coin Research making a shift from $20 399 109 on November 8 to $14 552 858 on November 14, the peak for the analyzed period. When translated to percentage rate, the market capitalization of GCR over the past week adjusted by 29%. The 29% change in the coin's market capitalization affected the price rate that saw a 32% 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 2% on the back of the move from $19 859 367 to $20 213 544.