Coins
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Golem
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2022-11-06

Buyers weakened their grip on the Golem market (October 31 - November 6) as the price rose only by 4%.

The upward movement of the Golem price last week indicates the chosen market is bullish. The volatility of GLM has been low 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 crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.

Golem is experiencing low volatility, as confirmed by our comprehensive analysis. The average volatility of GLM was as low as 0.05%, causing the dull price action. The maximum volatility of the coin stood at 3% in the analyzed time frame. The quietest period on the asset's market was recorded on November 4, when the volatility dropped to the minimum at 0.05%. The unimpressive volatility of 0.05% showcases the overall weakness of the crypto coin.

The opening price of Golem was at $0.27 on October 31, with buyers having a more visible presence on the market. There were no gains or losses to the GLM market on October 31, it remained flat. The price action of the coin remained bullish on November 1 as the bulls pushed the price up by 1%. During the following trading period on November 2, the price of Golem oscillated between the low at $0.26 and the high at $0.28, while the price moved down by 1%. GLM ’s performance during November 3 was the following: the price increased by 3% in conjunction with the acceptable trading volume. The developments on the Golem market on November 4 started with the price opening at $0.27 and subsequently moving to $0.28, the close of the day, while dropping to the 24H low at $0.27 and spiking to the 24H high at $0.27. On November 5, the crypto coin showcased the following price fluctuations: the trading session began at $0.28 and then traveled from the low of the day at $0.282 to the high of the day at $0.288, closing at $0.29. Between the 24H high at $0.285 and the 24H low at $0.28, the coin was traded in the $0.28 - $0.28 price corridor. During the reviewed time period, the asset was able to achieve the weekly high at $0.29, though at a certain point, the bear pressurized the price down to the weekly low at $0.26. The price action on the weekly time frame made Golem within the 4% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.01.

The past 7 days were marked by a change in average daily trading volume from $5 678 127 on October 31 to $5 156 261 on November 6. During the week before October 31, the trading volume of GLM flowed from $3 673 648 to $20 554 894. Percentage-wise, the trading volume of the asset changed by 62%, in comparison to the previous period, while its price experienced a 4% adjustment.

The past week saw the market capitalization of Golem making a shift from $269 614 464 on October 31 to $285 201 784 on November 6, the peak for the analyzed period. Percentage-wise, the market capitalization of GLM has shifted by 6% in the past week. When compared to the price fluctuations during the observed period of time, the 6% market capitalization movement was accompanied by a 4% change in the price of the coin. In the preceding week, October 24 - October 30, the market capitalization of Golem got a 5% adjustment ($259 520 082 to $271 514 935) in comparison to a 6% change last week; this allows getting a deeper insight into the market structure.

Price
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Mon 31NovemberThu 03Sat 05Mon 31NovemberThu 03Sat 050.2700.2750.2800.2850.2700.2750.2800.285
Article date: November 6 | October 31 - November 6

Market reviews for similar coins for October 31 - November 6