Klaytn analysis November 7 - November 13 : bears in all-out attack as the price collapses by 24%.

The price of Klaytn was falling last from November 7 until November 13, giving enough reason to conclude that the market is. The situation on the KLAY market shows that the underlying asset is currently experiencing a period of medium volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of decreased trading volume.

While the volatility remains restrained, Klaytn isn't making any explosive moves. Given that the average volatility on the KLAY market didn't exceed 15%, the price action remained limited. The most significant volatility occurred on November 7 and reached 16.76%. The asset's volatility was at its lowest on November 11 when it dropped to 0.52%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

The were dictating the terms on the Klaytn market on November 7 - the trading session opened at $0.23. During the opening day on November 7, KLAY has had a 3% move to the downside. The 16% move in the downward direction took place on the second day after the weekly open. Klaytn posted the interim low at $0.16 on November 9 and then moved down by 6% and peaked at $0.19. Over the next trading period (on November 10), KLAY was moving up by 16% on the back of a congruous trading volume. November 11 kicked off with Klaytn trading opening at $0.19 and then closing the session at $0.18, establishing the 24H low at $0.18 and 24H high at $0.2 in the process. No changes were observed on the crypto coin's market on November 12. As for the occurrences on November 13, the price of the coin bottomed at $0.17 and peaked at $0.18, while its daily range formed between $0.18 and $0.17. Over the course of all trading sessions, the asset established the weekly low at $0.15 while buyers managed to push the price up to the weekly high at $0.23. Klaytn shaped the $0.05 price range over the week of price action, which constituted the 24% gap between the weekly low and the weekly high.

In the period November 7 - November 13, the trading volume of Klaytn went from $53 046 072 on the first day of the reviewed period to $34 783 464 on the closing day. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the KLAY market had its volume ranging between $51 632 319 and $174 182 810. The 37% trading volume fluctuation between November 7 and November 13, as compared with the previous period, served as a basis for a 24% price move.

The total capitalization of Bitcoin at the start of the analyzed time period (November 7) amounted to $666 056 713; by the end of that period (November 13), the capitalization went to $540 007 516. The percentage change in the total market capitalization of KLAY amounted to 19%. The 19% change in the coin's market capitalization affected the price rate that saw a 24% shift in the same time period. During the week before the analyzed time frame, the market capitalization of Klaytn moved by 15% as it went from $825 544 728 to $699 033 205, and gave a better understanding of the general direction in which this market is flowing.

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Article date: November 13 | November 7 - 13

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