The torpid IOST had its price rise only by 4% last week (November 17 - November 23).
The behavior of IOST last week was characterized by the occurrence of upswings. The volatility associated with the IOST 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 unfolding situation in the IOST market suggests that the reviewed digital asset is in the stage of mild volatility. We established that IOST didn't showcase any significant price action due to the market's mild average volatility of 7%. The highest point of the coin's volatility reached 6.41% in the analyzed time frame. The asset's volatility was at its lowest on November 21 when it dropped to 0.02%. 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.
While the overall situation on the IOST market was neutral, the trading session on November 17 kicked off at the $0.008 price level. During the opening day on November 17, IOST has had a 1% move to the downside. November 18 saw the coin going another 1% since the open, supported by the corresponding trading volume. The price range of IOST formed between $0.0081 and $0.0087 on November 19 as the price traveled 6% up. On November 20, the value of IOST was in the range, with the market remaining flat. The developments on the IOST market on November 21 started with the price opening at $0.009 and subsequently moving to $0.008, the close of the day, while dropping to the 24H low at $0.0081 and spiking to the 24H high at $0.0081. The price action on November 22 saw the crypto coin moving along the following route: starting point at $0.008 and closing point at $0.008, while it also deviated to establish the high of the day at $0.008 and the low of the day at $0.008. Between the 24H high at $0.0086 and the 24H low at $0.0082, the coin was traded in the $0.008 - $0.009 price corridor. The highest point of the price action over the week was at $0.009 - the weekly low during the same period was established at $0.008. The price action on the weekly time frame made IOST within the 4% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.0004.
The trading activity on the IOST market over the past week - November 17 to November 23 - generated the average trading volume that went from $7 212 501 to $9 350 758. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the IOST market had its volume ranging between $6 967 381 and $28 111 652. The average trading volume of the asset fluctuated by 26% by comparison with the previous period, whereas the price change of 4% took place over the same period of time.
IOST 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. IOST market capitalization from the week before experienced no change, as a result there were no price fluctuations.