Slightly bearish : traders witnessed ICON moving down 4% from November 12 till November 18.

The price of ICON was falling last from November 12 until November 18, giving enough reason to conclude that the market is bearish. The price swings of ICX pointed to the presence of low volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin last week took place on the back of decreased trading volume.

According to our market analysis, the weak price movement of ICON was dictated by low volatility. The data derived from our credible sources shows that the average volatility of ICX didn't exceed 0.24%, which is indicative of weak price action. The most significant price swings occurred on November 16, when the volatility of the coin was at its highest for the given period at 4.61%. The asset experienced the period of lowest volatility on November 17 when it fell to 0.24%. Since the current volatility of the crypto coin is low, we expect the price fluctuations of the digital asset at hand to be insignificant.

The market sentiment on November 13 stayed as the coin obtained another 4%. During the following trading period on November 14, the price of ICON oscillated between the low at $0.14 and the high at $0.16, while the price moved down by 4%. ICX ’s performance during November 15 was the following: the price increased by 6% in conjunction with the acceptable trading volume. The price range of ICON on November 16 formed between $0.16 and $0.15, whereas the daily price extremities were $0.15 and $0.16. No changes were observed on the crypto coin's market on November 17. The coin's market saw no changes on November 18, as the market flatlined. During the reviewed time period, the asset was able to achieve the weekly high at $0.16, though at a certain point, the bear pressurized the price down to the weekly low at $0.14. Traders saw ICON covering the $0.006 distance between the weekly low and the weekly high, which constituted for a 4% move.

ICON ’s average trading volume on the opening day of the observed time period, November 12, stood at $5 686 824, while on the closing day of the same period, it moved to $2 541 661. In order to have a better grasp of the ICX market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $6 602 850 to $23 554 720. Percentage-wise, the trading volume of the asset changed by 54%, in comparison to the previous period, while its price experienced a 4% adjustment.

The past week saw the market capitalization of ICON making a shift from $145 291 478 on November 12 to $137 449 252 on November 18, the peak for the analyzed period. The rate of percentage change for the last week for ICX was 5%. The price of the coin changed by 4% on the back of the 5% shift in its total market capitalization. A more precise analysis of the ICON market also requires a comparison with the change in market capitalization from the week before, which amounted to 28% on the back of the move from $213 189 338 to $152 489 367.

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Article date: November 18 | November 12 - 18

Market reviews for similar coins for November 12 - 18