The capitulation of November 15 - November 21 : Global Coin Research experienced a 23% dive.

The bearish behavior of Global Coin Research last week was characterized by the occurrence of downswings. The volatility associated with the GCR market was medium, as were its price fluctuations. The asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin last week took place on the back of decreased trading volume.

The situation on the Global Coin Research market allows us to characterise its volatility as mild. The average volatility of 12% was the reason why the price of GCR didn't put up any significant gains. The coin was the most volatile on November 15, when the range of its price fluctuations reached 14.39%. On November 19, the volatility of the asset was at its minimum at 0.75%. Since the volatility of 12% can be deemed as mild, the crypto coin's market can be characterised as composed.

On November 15, the Global Coin Research market opened at $1.39, preceded by a period of bearish action. The first day of price action was marked by the 4% move to the downside from the point where the trading session opened. November 16 saw the coin going another 1% since the open, supported by the corresponding trading volume. On November 17, the market was moving to the downside as Global Coin Research went 1% down from the low at $1.32 to the high at $1.34. On November 19, GCR market moved by 14% in the bearish direction in concert with the trading volume. The price range of Global Coin Research on November 19 formed between $1.13 and $1.05, whereas the daily price extremities were $1.05 and $1.13. While the 24H high and low on November 20 were at $1.11 and $1.05, respectively, the crypto coin had been traded in the area between the open at $1.05 and the close at $1.06. Most trading activity on November 21 occurred in the space between $1.06 and $1.03; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $1.03, though the bulls had also staged the rally to the 24H high at $1.07. Over the course of all trading sessions, the asset established the weekly low at $1.03 while buyers managed to push the price up to the weekly high at $1.39. Global Coin Research shaped the $0.31 price range over the week of price action, which constituted the 23% gap between the weekly low and the weekly high.

The past 7 days were marked by a change in average daily trading volume from $5 492 on November 15 to $12 100 on November 21. 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 $2 263 to $67 104. The average trading volume of the asset fluctuated by 77% by comparison with the previous period, whereas the price change of 23% took place over the same period of time.

Bitcoin began the observed period November 15 - November 21, with the market capitalization of $13 757 674 and finalized it at the market capitalization level of $10 383 040. Percentage-wise, the market capitalization of GCR has shifted by 25% in the past week. The 25% change in the coin's market capitalization affected the price rate that saw a 23% shift in the same time period. During the week before the analyzed time frame, the market capitalization of Global Coin Research moved by 29% as it went from $20 399 109 to $14 552 858, and gave a better understanding of the general direction in which this market is flowing.

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Article date: November 21 | November 15 - 21

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