The bullish pressure subsides between November 16 and November 22 as JUST gains only 3%.
The price of JUST was rising last from November 16 until November 22, giving enough reason to conclude that the market is. The price swings of JST pointed to the presence of low volatility. The asset saw its market capitalization falling over the reviewed period together with its price. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
According to our market analysis, the weak price movement of JUST was dictated by low volatility. The average volatility of JST was capped at 0.05%, leading to weak fluctuations in the price of JUST. The maximum volatility of the coin stood at 5% in the analyzed time frame. The weakest volatility level of 0.05% on the asset's market was registered on November 21. The crypto coin's low volatility of 0.05% points to the weakness of all market participants.
The first day of price action was marked by the 2% move to the downside from the point where the trading session opened. On November 17 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on November 18, with the JUST market remaining flat. The next trading session was characterized by more price action (as JST made a 5% move) on the back of the consistent trading volume. The price oscillation of JUST on November 20 was in the $0.02 - $0.02 range; at the same time, the price stretched out to reach the 24H low at $0.021 and the 24H high at $0.022. The activity on the crypto coin's market on November 21 resulted in the asset being traded between $0.02, the open of the day, and $0.02, the close of the day; at some point, the price spiked to the daily high at $0.021 and briefly dropped to the daily low at $0.02. November 22 presented us with the following price action data: the coin opened the period at $0.02 and went on to establish the low at $0.021 and the high of the day at $0.022 before closing the day at $0.02. The price action on the asset's market during the period between November 16 and November 22 topped at $0.022, while the bottom of the price range was established at $0.02. Traders saw JUST covering the $0.0006 distance between the weekly low and the weekly high, which constituted for a 3% move.
JUST ’s average trading volume on the opening day of the observed time period, November 16, stood at $17 632 093, while on the closing day of the same period, it moved to $30 123 004. A more comprehensive analysis of JST price action requires the comparison of the trading volume between November 16 and November 22 with that from the preceding week that demonstrated how the trading volume fluctuated between $15 700 865 and $69 807 041. The average trading volume of the asset fluctuated by 41% by comparison with the previous period, whereas the price change of 3% took place over the same period of time.
The total market capitalization of JUST during the past 7-day oscillated between $189 110 485, the starting point that was established on November 16, and $185 652 881 on November 22, the end date of the reviewed period. The rate of percentage change for the last week for JST was 2%. The said 2% percentage change in market capitalization of the coin was accompanied by the 3% fluctuation in the price of the underlying asset. During the week before the analyzed time frame, the market capitalization of JUST moved by 17% as it went from $224 636 841 to $185 369 046, and gave a better understanding of the general direction in which this market is flowing.