The buyers controlled the ICON market between November 17 and November 23 as the price grew by 8%.
The upward movement of the ICON price last week indicates the chosen market is. ICX has been going through a period of low volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The volatility is low on the ICON market, as the latest data suggests. The insignificant movement of the ICX market came as the result of low average volatility that amounted to 0.24%. Despite the overall weak performance, the volatility of the coin had its highest point at 4.71%. The quietest period on the asset's market was recorded on November 21, when the volatility dropped to the minimum at 0.24%. The crypto coin's low volatility of 0.24% points to the weakness of all market participants.
There were no gains or losses to the ICX market on November 17, it remained flat. On November 18 the coin market stayed neutral, with no changes in the price. The price range of ICON formed between $0.15 and $0.16 on November 19 as the price traveled 5% up. ICX ’s performance during November 20 was the following: the price increased by 1% in conjunction with the acceptable trading volume. The price range of ICON on November 21 formed between $0.16 and $0.16, whereas the daily price extremities were $0.15 and $0.16. The activity on the crypto coin's market on November 22 resulted in the asset being traded between $0.16, the open of the day, and $0.16, the close of the day; at some point, the price spiked to the daily high at $0.17 and briefly dropped to the daily low at $0.16. Between the 24H high at $0.17 and the 24H low at $0.16, the coin was traded in the $0.16 - $0.17 price corridor. The price action on the asset's market during the period between November 17 and November 23 topped at $0.17, while the bottom of the price range was established at $0.15. The price action on the weekly time frame made ICON within the 8% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.01.
Over the period of the last 7 days, November 17 to November 23, ICON saw its average trading volume fluctuate between $6 110 862 and $5 849 381. During the week before November 17, the trading volume of ICX flowed from $4 571 116 to $17 959 395. The average trading volume of the asset fluctuated by 22% by comparison with the previous period, whereas the price change of 8% took place over the same period of time.
The past week saw the market capitalization of ICON making a shift from $139 293 987 on November 17 to $148 418 314 on November 23, the peak for the analyzed period. Percentage-wise, the market capitalization of ICX has shifted by 7% in the past week. The price of the coin changed by 8% on the back of the 7% shift in its total market capitalization. ICON ’s market capitalization from the week before changed by 8%, as the result of fluctuation between $131 012 670 and $139 293 987, to give a clearer vision of the current state of the market.