Coins
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ICON
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2022-11-20

Buyers kept pushing the ICON market to the upside between November 14 and November 20 as the price increased by 9%.

The behavior of ICON last week was characterized by the occurrence of upswings. The price swings of ICX pointed to the presence of medium volatility. There has been a rise in the market capitalization of the asset during the period under review. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.

The price action of ICON has been contained due to modest volatility. Given that the average volatility on the ICX market didn't exceed 5%, the price action remained limited. The most significant volatility occurred on November 14 and reached 4.71%. The asset has been the least volatile on November 18; at this time, the volatility stood at 0.24%. The crypto coin's market didn't put up any surprises due to mild average volatility of 5%.

The opening price of ICON was at $0.16 on November 14, with having a more visible presence on the market. The first day of price action was marked by the 4% move to the downside from the point where the trading session opened. The 6% move in the upward direction took place on the second day after the weekly open. On November 16, the market was moving to the downside as ICON went 2% down from the low at $0.15 to the high at $0.16. On November 17, the value of ICX was in the range, with the market remaining flat. On November 18, ICON finished the trading day with no changes to the flatlined market. The crypto coin opened the trading session on November 19 at $0.15 and finalized it at $0.16; the highest point of price action was at $0.16, the lowest was detected at $0.15. Between the 24H high at $0.166 and the 24H low at $0.161, the coin was traded in the $0.16 - $0.16 price corridor. The highest point of the price action over the week was at $0.17 - the weekly low during the same period was established at $0.14. As a result of price action within the designated time period, the price movement range on the ICON market was established at $0.01 or 9% between the weekly low and the weekly high.

In the period November 14 - November 20, the trading volume of ICON went from $7 310 506 on the first day of the reviewed period to $8 257 631 on the closing day. A more comprehensive analysis of ICX price action requires the comparison of the trading volume between November 14 and November 20 with that from the preceding week that demonstrated how the trading volume fluctuated between $4 571 116 and $23 554 720. The average trading volume of the asset fluctuated by 49% by comparison with the previous period, whereas the price change of 9% took place over the same period of time.

The total capitalization of Bitcoin at the start of the analyzed time period (November 14) amounted to $137 135 197; by the end of that period (November 20), the capitalization went to $145 844 700. ICX experienced a 6% change in total market capitalization throughout the past seven days. While the market capitalization of the coin was altered by 6%, its price has made a 9% change. 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 32% on the back of the move from $205 121 652 to $140 145 420.

Price
Volatility
Capitalization
Volume
Tue 15Thu 17Sat 19Tue 15Thu 17Sat 190.1500.1520.1540.1560.1580.1600.1620.1500.1520.1540.1560.1580.1600.162
Article date: November 20 | November 14 - 20

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