A 25% drop on the Global Coin Research market last week (November 17 - November 23) signals that the sellers are gaining strength.

Global Coin Research has been bearish last week as its price has been predominantly falling. The situation on the GCR market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.

The unfolding situation in the Global Coin Research market suggests that the reviewed digital asset is in the stage of mild volatility. The market analysis reveals that the mild average volatility of 12% restrained GCR 's price swings. The highest point of the coin's volatility reached 14.39% in the analyzed time frame. On November 21, the volatility of the asset was at its minimum at 0.75%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 12%.

The trading session on November 17 started with Global Coin Research opening at $1.33 on the backdrop of bearish sentiment throughout the market. November 18 saw the coin going another 14% since the open, supported by the corresponding trading volume. Global Coin Research posted the interim low at $1.05 on November 19 and then moved down by 7% and peaked at $1.13. On November 21, GCR market moved by 1% in the bullish direction in concert with the trading volume. The price range of Global Coin Research on November 21 formed between $1.06 and $1.03, whereas the daily price extremities were $1.03 and $1.07. On November 22, the crypto coin showcased the following price fluctuations: the trading session began at $1.03 and then traveled from the low of the day at $1.01 to the high of the day at $1.03, closing at $1.01. As for the occurrences on November 23, the price of the coin bottomed at $0.98 and peaked at $1.01, while its daily range formed between $1.01 and $0.99. The price action on the asset's market during the period between November 17 and November 23 topped at $1.34, while the bottom of the price range was established at $0.98. The price action on the weekly time frame made Global Coin Research within the 25% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.33.

Over the period of the last 7 days, November 17 to November 23, Global Coin Research saw its average trading volume fluctuate between $197 and $2 118. We can draw the comparison with the period of 7 days that preceded the reviewed one when GCR ’s trading volume varied from $2 263 to $20 965. The asset demonstrated an 32% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 25%.

The past week saw the market capitalization of Global Coin Research making a shift from $13 321 904 on November 17 to $10 022 080 on November 23, the peak for the analyzed period. Percentage-wise, the market capitalization of GCR has shifted by 25% in the past week. The price of the coin changed by 25% on the back of the 25% shift in its total market capitalization. The comparison with the Global Coin Research market capitalization seen during the time period November 10 - November 16 that occurred before the observed one, which changed by 21%, from $17 069 853 to $13 424 038, allows us to get a clearer understanding of current market conditions.

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Article date: November 23 | November 17 - 23

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