Buyers kept pushing the Golem market to the upside between November 17 and November 23 as the price increased by 7%.

The behavior of Golem last week was characterized by the occurrence of upswings. 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 increasing in concert with the price of the coin. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

The price action of Golem has been contained due to modest volatility. The average volatility of 5% was the reason why the price of GLM didn't put up any significant gains. The highest point of the coin's volatility reached 6.63% in the analyzed time frame. The asset's volatility was at its lowest on November 21 when it dropped to 0.14%. The crypto coin's market didn't put up any surprises due to mild average volatility of 5%.

On November 17, the first trading session of the reviewed time period, the market participants saw GLM moving down by 3%. The coin market was up by 4% on November 18, the second day of the reviewed time period. The price range of Golem formed between $0.21 and $0.22 on November 19 as the price traveled 5% up. GLM ’s performance during November 20 was the following: the price declined by 3% in conjunction with the acceptable trading volume. After the open at $0.22, Golem moved during November 21 in the range between the said open and the close at $0.21, having posted the 24H low at $0.2 and the 24H high at $0.22. While the 24H high and low on November 22 were at $0.21 and $0.2, respectively, the crypto coin had been traded in the area between the open at $0.2 and the close at $0.21. Most trading activity on November 23 occurred in the space between $0.21 and $0.22; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.21, though the bulls had also staged the rally to the 24H high at $0.22. The price action on the asset's market during the period between November 17 and November 23 topped at $0.23, while the bottom of the price range was established at $0.2. As a result of price action within the designated time period, the price movement range on the Golem market was established at $0.01 or 7% between the weekly low and the weekly high.

In the period November 17 - November 23, the trading volume of Golem went from $26 001 331 on the first day of the reviewed period to $4 084 161 on the closing day. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the GLM market had its volume ranging between $3 084 720 and $15 864 285. The average trading volume of the asset fluctuated by 36% by comparison with the previous period, whereas the price change of 7% took place over the same period of time.

The past week saw the market capitalization of Golem making a shift from $212 667 608 on November 17 to $213 878 688 on November 23, the peak for the analyzed period. GLM experienced a 1% change in total market capitalization throughout the past seven days. The price of the coin changed by 7% on the back of the 1% shift in its total market capitalization. The comparison with the Golem market capitalization seen during the time period November 10 - November 16 that occurred before the observed one, which changed by 16%, from $181 975 308 to $211 977 549, allows us to get a clearer understanding of current market conditions.

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Article date: November 23 | November 17 - 23

Market reviews for similar coins for November 17 - 23