November 18 - November 24 market watch: HashBit goes up by 200% as buying pressure persists.

Between November 18 - November 24, HashBit has been mostly bullish as its price has been in the rising mode. HBIT was caught in a period of high volatility, which was reflected in its price action. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.

We have established that the average volatility of HashBit was at 72.73% in concert with its rapid price change. The peak of the asset's volatility fell on November 18 after it went all the way to 72.73%. The coin saw its volatility drop to a minimum at 2.97% on November 24. The present volatility of 72.73% is indicative of unstable market conditions.

HashBit began the day on November 18 at $0.00003, while the broad background was bullish. The first day of price action was marked by the 21% move to the upside from the point where the trading session opened. The coin market was up by 129% on November 19, the second day of the reviewed time period. On November 20, the market was moving to the upside as HashBit went 83% up from the low at $0.00005 to the high at $0.0001. The trading volume on November 21 rendered support to the 23% bearish move of HBIT. HashBit finalized the trading day of November 22 at $0.0001 after opening it at $0.00007, though the price broke through that corridor to hit the 24H high at $0.0001 and the 24H low at $0.00007. The crypto coin opened the trading session on November 23 at $0.0001 and finalized it at $0.0001; the highest point of price action was at $0.0001, the lowest was detected at $0.00007. Most trading activity on November 24 occurred in the space between $0.0001 and $0.0001; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.00006, though the bulls had also staged the rally to the 24H high at $0.0001. Over the course of all trading sessions, the asset established the weekly low at $0.00002 while buyers managed to push the price up to the weekly high at $0.0001. The difference between the lowest and the highest price points for the week was 200%, as the price moved in the $0.00007 wide corridor.

HashBit ’s average trading volume on the opening day of the observed time period, November 18, stood at $564 849, while on the closing day of the same period, it moved to $1 978 707. Over the week that came before the analyzed time span, the average trading volume of HBIT ranged between $386 247 and $510 368. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 199%, and the 200% price shift.

HBIT experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. HashBit market capitalization from the week before experienced no change, as a result there were no price fluctuations.

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Article date: November 24 | November 18 - 24

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