Restrained price action on October 24 to October 30 as JUST moves up by only 4%.
The analysis of last week’s price action shows that the JUST market is in the bullish phase since the price has been moving upward. The volatility associated with the JST market was low, as were its price fluctuations. The price action on the coin's market translated to the growth of market capitalization. The price action of the crypto coin from last week stemmed from the increasing trading volume.
The volatility is low on the JUST market, as the latest data suggests. The average volatility of JST was capped at 0.08%, leading to weak fluctuations in the price of JUST. The most significant price swings occurred on October 28, when the volatility of the coin was at its highest for the given period at 4.84%. The asset experienced the period of lowest volatility on October 29 when it fell to 0.08%. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.
The gains of JST after the weekly open on October 24 amounted to 1%. On October 25 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on October 26, with the JUST market remaining flat. The JST market was up as the price shifted by 1% on October 27, against the backdrop of the sufficient trading volume. The price oscillation of JUST on October 28 was in the $0.03 - $0.03 range; at the same time, the price stretched out to reach the 24H low at $0.03 and the 24H high at $0.03. While the 24H high and low on October 29 were at $0.03 and $0.03, respectively, the crypto coin had been traded in the area between the open at $0.03 and the close at $0.03. Between the 24H high at $0.03 and the 24H low at $0.03, the coin was traded in the $0.03 - $0.03 price corridor. Over the course of all trading sessions, the asset established the weekly low at $0.03 while buyers managed to push the price up to the weekly high at $0.03. JUST bounced 4% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.001.
The trading activity on the JUST market over the past week - October 24 to October 30 - generated the average trading volume that went from $35 158 888 to $32 805 739. Over the week that came before the analyzed time span, the average trading volume of JST ranged between $31 639 728 and $218 462 243. The 56% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 4%.
The past week saw the market capitalization of JUST making a shift from $252 109 889 on October 24 to $265 218 673 on October 30, the peak for the analyzed period. When translated to percentage rate, the market capitalization of JST over the past week adjusted by 5%. While the market capitalization of the coin was altered by 5%, its price has made a 4% change. In the preceding week, October 17 - October 23, the market capitalization of JUST got a 9% adjustment ($234 519 942 to $256 707 937) in comparison to a 5% change last week; this allows getting a deeper insight into the market structure.