Klaytn analysis October 29 - November 4 : bears in all-out attack as the price collapses by 25%.

The price of Klaytn was falling last from October 29 until November 4, giving enough reason to conclude that the market is. The volatility associated with the KLAY market was high, as were its price fluctuations. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the decreasing trading volume.

The considerable chops and changes in the price of Klaytn resulted in average volatility of 25.41%. The peak of the asset's volatility fell on October 29 after it went all the way to 25.41%. The volatility of the coin fell to its lowest on November 4 when it slid to 0.63%. 25.41% is too high a volatility for the KLAY market to be considered stable and easily predictable.

The were dictating the terms on the Klaytn market on October 29 - the trading session opened at $0.26. On October 29, the first trading session of the reviewed time period, the market participants saw KLAY moving up by 24%. The coin market was down by 15% on October 30, the second day of the reviewed time period. The price range of Klaytn formed between $0.26 and $0.28 on October 31 as the price traveled 4% down. The next trading session was characterized by more price action (as KLAY made a 4% move) on the back of the consistent trading volume. On November 2, Klaytn finished the trading day with no changes to the flatlined market. The crypto coin opened the trading session on November 3 at $0.24 and finalized it at $0.24; the highest point of price action was at $0.25, the lowest was detected at $0.24. The coin found the deepest trough (24H low) at $0.23 on November 4 and then exploded to the ceiling (24H high) at $0.24; the price range for that day was between $0.24 and $0.24. During the reviewed time period, the asset was able to achieve the weekly high at $0.33, though at a certain point, the bear pressurized the price down to the weekly low at $0.23. Klaytn shaped the $0.08 price range over the week of price action, which constituted the 25% gap between the weekly low and the weekly high.

Klaytn ’s average trading volume on the opening day of the observed time period, October 29, stood at $173 598 977, while on the closing day of the same period, it moved to $68 419 114. In order to have a better grasp of the KLAY 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 $45 319 351 to $433 504 832. The asset demonstrated an 31% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 25%.

The change in the total market capitalization of Klaytn from October 29 to November 4 was as follows: on October 29, the capitalization was at $788 894 241, while on November 4, it reached the level of $719 154 894. When translated to percentage rate, the market capitalization of KLAY over the past week adjusted by 9%. The 9% change in the coin's market capitalization affected the price rate that saw a 25% shift in the same time period. A more precise analysis of the Klaytn market also requires a comparison with the change in market capitalization from the week before, which amounted to 71% on the back of the move from $455 115 032 to $777 444 481.

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Article date: November 4 | October 29 - November 4

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