JET analysis November 14 - November 20 : bears in all-out attack as the price collapses by 51%.

JET has been bearish last week as its price has been predominantly falling. JET has been going through a period of high volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the decline of market capitalization. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.

During the reported period, JET has been swinging for the fences, which resulted in an average volatility of 39.17% for the given period. The asset was the most volatile on November 14 when the registered volatility shot up to 39.17%. The lowest volatility for the given period was spotted on November 20 and reached 0.31%. The present volatility of 39.17% is indicative of unstable market conditions.

On November 14, the JET market opened at $0.07, preceded by a period of bearish action. During the opening day on November 14, JET has had a 7% move to the downside. On November 15, the price of the coin has shifted by 1% from the daily open on the back of a good trading volume. During the following trading period on November 16, the price of JET oscillated between the low at $0.06 and the high at $0.07, while the price moved down by 12%. JET ’s performance during November 17 was the following: the price declined by 1% in conjunction with the acceptable trading volume. JET finalized the trading day of November 18 at $0.04 after opening it at $0.06, though the price broke through that corridor to hit the 24H high at $0.06 and the 24H low at $0.01. The crypto coin opened the trading session on November 19 at $0.04 and finalized it at $0.03; the highest point of price action was at $0.035, the lowest was detected at $0.034. The coin's market saw no changes on November 20, as the market flatlined. The price action on the asset's market during the period between November 14 and November 20 topped at $0.07, while the bottom of the price range was established at $0.01. JET bounced 51% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.03.

As for the average trading volume in the time slot between November 14 and November 20, the JET market registered the change from $104 046 to $91 354. During the week before November 14, the trading volume of JET flowed from $37 086 to $123 248. The 18% trading volume fluctuation between November 14 and November 20, as compared with the previous period, served as a basis for a 51% price move.

JET had its total market capitalization change from $11 420 494 on November 14 to $5 265 129 on November 20, the end of the examined time frame. 54% was the calculated percentage change for the JET market over the past week. The 54% change in the coin's market capitalization affected the price rate that saw a 51% shift in the same time period. A better understanding of the lay of the land on the JET market requires a comparison with the preceding week when the total market capitalization of JET changed by 2% as it went from $12 242 599 to $11 420 494.

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Article date: November 20 | November 14 - 20

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