A 18% drop on the JUST market last week (November 4 - November 10) signals that the sellers are gaining strength.

JUST has been bearish last week as its price has been predominantly falling. JST was caught in a period of medium volatility, which was reflected in its 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.

While the volatility remains restrained, JUST isn't making any explosive moves. During the reviewed period, the volatility of JST was in the middle register, averaging at 9%. The coin was the most volatile on November 4, when the range of its price fluctuations reached 9.57%. The asset saw its volatility drop to the lowest level for the given period on November 8 as it shrank to 0.28%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

JST made a 5% step in an upward direction during the first daily trading session that took place on November 4. On November 5 the coin market stayed neutral, with no changes in the price. The price range of JUST formed between $0.029 and $0.029 on November 6 as the price traveled 1% down. The next trading session was characterized by more price action (as JST made a 4% move) on the back of the consistent trading volume. The price oscillation of JUST on November 8 was in the $0.03 - $0.03 range; at the same time, the price stretched out to reach the 24H low at $0.026 and the 24H high at $0.028. While the 24H high and low on November 9 were at $0.026 and $0.023, respectively, the crypto coin had been traded in the area between the open at $0.03 and the close at $0.02. November 10 presented us with the following price action data: the coin opened the period at $0.02 and went on to establish the low at $0.022 and the high of the day at $0.024 before closing the day at $0.02. $0.022 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. The price action on the weekly time frame made JUST within the 18% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.005.

JUST ’s average trading volume on the opening day of the observed time period, November 4, stood at $39 031 414, while on the closing day of the same period, it moved to $69 807 041. In order to have a better grasp of the JST market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $25 574 338 to $47 527 751. The 26% 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 18%.

Bitcoin began the observed period November 4 - November 10, with the market capitalization of $247 727 025 and finalized it at the market capitalization level of $192 428 436. Percentage-wise, the market capitalization of JST has shifted by 22% in the past week. When compared to the price fluctuations during the observed period of time, the 22% market capitalization movement was accompanied by a 18% change in the price of the coin. A better understanding of the lay of the land on the JUST market requires a comparison with the preceding week when the total market capitalization of JUST changed by 8% as it went from $267 218 848 to $247 727 025.

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Article date: November 10 | November 4 - 10

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