Bearish price action on November 12 to November 18 resulted in JUST by 9%.
The price of JUST was falling last from November 12 until November 18, giving enough reason to conclude that the market is bearish. JST was caught in a period of medium volatility, which was reflected in its price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The volatility has been suppressed, as the JUST price action suggests. Given that the average volatility on the JST market didn't exceed 5%, the price action remained limited. The most significant volatility occurred on November 12 and reached 5.83%. The asset saw its volatility drop to the lowest level for the given period on November 16 as it shrank to 0.05%. The crypto coin's market didn't put up any surprises due to mild average volatility of 5%.
There were no gains or losses to the JST market on November 12, it remained flat. The coin market was down by 6% on November 13, the second day of the reviewed time period. The price range of JUST formed between $0.02 and $0.02 on November 14 as the price traveled 5% down. The trading volume on November 15 rendered support to the 3% bullish move of JST. After the open at $0.02, JUST moved during November 16 in the range between the said open and the close at $0.02, having posted the 24H low at $0.021 and the 24H high at $0.022. No changes were observed on the crypto coin's market on November 17. The coin's market saw no changes on November 18, as the market flatlined. The asset posted the weekly low at $0.02, while the top of the weekly trading session was registered at $0.02. The price action on the weekly time frame made JUST within the 9% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.002.
JUST ’s average trading volume on the opening day of the observed time period, November 12, stood at $25 200 396, while on the closing day of the same period, it moved to $12 112 792. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the JST market had its volume ranging between $35 544 242 and $69 807 041. Percentage-wise, the trading volume of the asset changed by 54%, in comparison to the previous period, while its price experienced a 9% adjustment.
The change in the total market capitalization of JUST from November 12 to November 18 was as follows: on November 12, the capitalization was at $203 737 413, while on November 18, it reached the level of $182 544 893. The rate of percentage change for the last week for JST was 10%. As a consequence of the 10% fluctuation in its market capitalization, the price of the coin changed by 9%. In the preceding week, November 5 - November 11, the market capitalization of JUST got a 18% adjustment ($261 103 198 to $214 540 934) in comparison to a 10% change last week; this allows getting a deeper insight into the market structure.