October 31 - November 6 price action recap: JUST sees a weak 1% gain as the buyers take a step back.
JUST has been last week as its price has been predominantly rising. The volatility of JST has been low throughout the reviewed period in correspondence with the price action. The price action on the coin's market translated to the decline of market capitalization. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The current state of affairs on the cryptocurrency market allows us to draw the conclusion that JUST is now going through the cycle of low volatility. With the average volatility being as low as 0.28%, JST was incapable of making any sizable price swings. The maximum volatility of the coin stood at 4.4% in the analyzed time frame. The calmest period on the asset's market was registered on November 5, when the volatility failed to exceed 0.28%. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.
The 1% move in the upward direction took place on the second day after the weekly open. On November 2, the market was moving to the downside as JUST went 4% down from the low at $0.028 to the high at $0.029. The JST market was up as the price shifted by 2% on November 3, against the backdrop of the sufficient trading volume. JUST finalized the trading day of November 4 at $0.03 after opening it at $0.03, though the price broke through that corridor to hit the 24H high at $0.029 and the 24H low at $0.028. No changes were observed on the crypto coin's market on November 5. On the last day of the reviewed period, the coin was locked between $0.03 and $0.03, though the price managed to puncture these levels to reach the 24H high at $0.029 and the 24H low at $0.029. The highest point of the price action over the week was at $0.03 - the weekly low during the same period was established at $0.027. Traders saw JUST covering the $0.0003 distance between the weekly low and the weekly high, which constituted for a 1% move.
JUST ’s average trading volume on the opening day of the observed time period, October 31, stood at $42 614 564, while on the closing day of the same period, it moved to $40 311 770. A more comprehensive analysis of JST price action requires the comparison of the trading volume between October 31 and November 6 with that from the preceding week that demonstrated how the trading volume fluctuated between $24 001 690 and $48 695 152. Percentage-wise, the trading volume of the asset changed by 3%, in comparison to the previous period, while its price experienced a 1% adjustment.
Bitcoin began the observed period October 31 - November 6, with the market capitalization of $260 080 384 and finalized it at the market capitalization level of $258 319 489. 1% was the calculated percentage change for the JST market over the past week. While the market capitalization of the coin was altered by 1%, its price has made a 1% change. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $252 109 889 on October 24 and $265 218 673 on October 30, which translates to a 5% change.