JUST retraces by 2% in the period October 29 - November 4 as the market turns slightly bearish.

The downward movement of the JUST price last week indicates the chosen market is. The situation on the JST market shows that the underlying asset is currently experiencing a period of low volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

According to our market analysis, the weak price movement of JUST was dictated by low volatility. The average volatility of JST was capped at 0.67%, leading to weak fluctuations in the price of JUST. 4.4% was the maximum volatility that the coin managed to showcase on November 2. The quietest period on the asset's market was recorded on November 2, when the volatility dropped to the minimum at 0.67%. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.

On October 30, the price of the coin has shifted by 1% from the daily open on the back of a good trading volume. The price range of JUST formed between $0.028 and $0.029 on October 31 as the price traveled 2% down. The JST market was up as the price shifted by 1% on November 1, against the backdrop of the sufficient trading volume. The developments on the JUST market on November 2 started with the price opening at $0.03 and subsequently moving to $0.03, the close of the day, while dropping to the 24H low at $0.028 and spiking to the 24H high at $0.028. While the 24H high and low on November 3 were at $0.028 and $0.027, respectively, the crypto coin had been traded in the area between the open at $0.03 and the close at $0.03. The coin found the deepest trough (24H low) at $0.028 on November 4 and then exploded to the ceiling (24H high) at $0.029; the price range for that day was between $0.03 and $0.03. $0.03 was the bottom of price action for the week, though the price went to the high extreme at $0.03 over the same time period. As a result of price action within the designated time period, the price movement range on the JUST market was established at $0.0006 or 2% between the weekly low and the weekly high.

In the period October 29 - November 4, the trading volume of JUST went from $47 527 751 on the first day of the reviewed period to $39 031 414 on the closing day. Over the week that came before the analyzed time span, the average trading volume of JST ranged between $24 001 690 and $56 009 848. Percentage-wise, the trading volume of the asset changed by 4%, in comparison to the previous period, while its price experienced a 2% adjustment.

The total capitalization of Bitcoin at the start of the analyzed time period (October 29) amounted to $269 447 822; by the end of that period (November 4), the capitalization went to $247 727 025. The percentage change in the total market capitalization of JST amounted to 8%. The price of the coin changed by 2% on the back of the 8% shift in its total market capitalization. In the preceding week, October 22 - October 28, the market capitalization of JUST got a 2% adjustment ($260 864 396 to $267 218 848) in comparison to a 8% change last week; this allows getting a deeper insight into the market structure.

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Article date: November 4 | October 29 - November 4

Market reviews for similar coins for October 29 - November 4