Bearish price action on November 1 to November 7 resulted in Klaytn by 9%.
Between November 1 - November 7, Klaytn has been mostly as its price has been in the falling mode. KLAY has been going through a period of medium volatility, which fell in line with the occurred price changes. 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 volatility has been suppressed, as the Klaytn price action suggests. Our comprehensive data indicates that the price change of KLAY has been moderate on the back of the average volatility of 5% for the given time period. The coin was the most volatile on November 1, when the range of its price fluctuations reached 6.58%. The price of the asset had fluctuated the least on November 5, when the volatility plummeted to 0.55%. The crypto coin's market didn't put up any surprises due to mild average volatility of 5%.
The opening price of Klaytn was at $0.26 on November 1, with having a more visible presence on the market. The price of KLAY took a 4% down downswing at the open of the weekly trading period. On November 2 the coin market stayed neutral, with no changes in the price. During the next trading day, the rate of change in the price of Klaytn stood at 1% having reached the low at $0.24 and the high at $0.25 as the advantage remained on the side of sellers. KLAY ’s performance during November 4 was the following: the price declined by 1% in conjunction with the acceptable trading volume. The price range of Klaytn on November 5 formed between $0.24 and $0.23, whereas the daily price extremities were $0.23 and $0.24. The trading period on November 6 saw the crypto coin forming the price amplitude between the open at $0.24 and the close at $0.23, also interacting with $0.23 (24H low) and $0.23 (24H high). Between the 24H high at $0.23 and the 24H low at $0.22, the coin was traded in the $0.23 - $0.22 price corridor. $0.22 was the bottom of price action for the week, though the price went to the high extreme at $0.26 over the same time period. As a result of price action within the designated time period, the price movement range on the Klaytn market was established at $0.02 or 9% between the weekly low and the weekly high.
The trading activity on the Klaytn market over the past week - November 1 to November 7 - generated the average trading volume that went from $170 828 162 to $53 046 072. We can draw the comparison with the period of 7 days that preceded the reviewed one when KLAY ’s trading volume varied from $156 224 197 to $433 504 832. The 67% trading volume fluctuation between November 1 and November 7, as compared with the previous period, served as a basis for a 9% price move.
The change in the total market capitalization of Klaytn from November 1 to November 7 was as follows: on November 1, the capitalization was at $790 628 472, while on November 7, it reached the level of $666 056 713. Percentage-wise, the market capitalization of KLAY has shifted by 16% in the past week. The 16% change in the coin's market capitalization affected the price rate that saw a 9% shift in the same time period. Klaytn ’s market capitalization from the week before changed by 21%, as the result of fluctuation between $680 881 063 and $790 628 472, to give a clearer vision of the current state of the market.