ICON sees limited 5% gains between November 13 and November 19 as the market cools down.
The behavior of ICON last week was characterized by the occurrence of upswings. The volatility associated with the ICX market was medium, as were its price fluctuations. 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.
The situation on the ICON market allows us to characterise its volatility as mild. During the reviewed period, the volatility of ICX was in the middle register, averaging at 5%. The largest volatility for the given period occurred on November 13 and amounted to 4.71%. The price of the asset had fluctuated the least on November 17, when the volatility plummeted to 0.24%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.
The losses of ICX after the weekly open on November 13 amounted to 4%. The 4% move in the downward direction took place on the second day after the weekly open. The bulls dominated the price action during the following trading period as the price drifted 6% to the upside, having established the low for the reviewed time frame at $0.15, while the high was recorded at $0.16. ICX ’s performance during November 16 was the following: the price declined by 2% in conjunction with the acceptable trading volume. On November 17, ICON finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on November 18. Most trading activity on November 19 occurred in the space between $0.15 and $0.16; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.15, though the bulls had also staged the rally to the 24H high at $0.16. $0.14 was the bottom of price action for the week, though the price went to the high extreme at $0.16 over the same time period. As a result of price action within the designated time period, the price movement range on the ICON market was established at $0.007 or 5% between the weekly low and the weekly high.
In the period November 13 - November 19, the trading volume of ICON went from $4 571 116 on the first day of the reviewed period to $2 157 749 on the closing day. We can draw the comparison with the period of 7 days that preceded the reviewed one when ICX ’s trading volume varied from $5 686 824 to $23 554 720. Percentage-wise, the trading volume of the asset changed by 56%, in comparison to the previous period, while its price experienced a 5% adjustment.
ICX 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. ICON market capitalization from the week before experienced no change, as a result there were no price fluctuations.