Coins
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Golem
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2022-11-10

The capitulation of November 4 - November 10 : Golem experienced a 25% dive.

The price of Golem was falling last from November 4 until November 10, giving enough reason to conclude that the market is bearish. The situation on the GLM market shows that the underlying asset is currently experiencing a period of medium volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

While the volatility remains restrained, Golem isn't making any explosive moves. The market analysis reveals that the mild average volatility of 16% restrained GLM 's price swings. The coin has hit the highest point of volatility on November 4. The asset has been the least volatile on November 8; at this time, the volatility stood at 1.1%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

On November 4, the Golem market opened at $0.27, preceded by a period of bearish action. GLM made a 3% step in an upward direction during the first daily trading session that took place on November 4. On November 5, the price of the coin has shifted by 1% from the daily open on the back of a good trading volume. On November 6, the market was moving to the downside as Golem went 2% down from the low at $0.28 to the high at $0.285. GLM ’s performance during November 7 was the following: the price declined by 1% in conjunction with the acceptable trading volume. November 8 kicked off with Golem trading opening at $0.28 and then closing the session at $0.25, establishing the 24H low at $0.25 and 24H high at $0.28 in the process. On November 9, the crypto coin showcased the following price fluctuations: the trading session began at $0.24 and then traveled from the low of the day at $0.2 to the high of the day at $0.24, closing at $0.2. Between the 24H high at $0.22 and the 24H low at $0.18, the coin was traded in the $0.2 - $0.21 price corridor. The price action on the asset's market during the period between November 4 and November 10 topped at $0.29, while the bottom of the price range was established at $0.18. As a result of price action within the designated time period, the price movement range on the Golem market was established at $0.07 or 25% between the weekly low and the weekly high.

Over the period of the last 7 days, November 4 to November 10, Golem saw its average trading volume fluctuate between $24 229 539 and $11 153 247. We can draw the comparison with the period of 7 days that preceded the reviewed one when GLM ’s trading volume varied from $3 673 648 to $22 321 153. The asset demonstrated an 4% 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 Golem making a shift from $274 437 596 on November 4 to $181 975 308 on November 10, the peak for the analyzed period. When translated to percentage rate, the market capitalization of GLM over the past week adjusted by 34%. The price of the coin changed by 25% on the back of the 34% shift in its total market capitalization. Golem ’s market capitalization from the week before changed by 1%, as the result of fluctuation between $267 605 268 and $274 437 596, to give a clearer vision of the current state of the market.

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Article date: November 10 | November 4 - 10

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