Kusama analysis November 7 - November 13 : bears in all-out attack as the price collapses by 34%.

Kusama has been bearish last week as its price has been predominantly falling. KSM was caught in a period of medium volatility, which was reflected in its price action. 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, Kusama isn't making any explosive moves. We established that KSM didn't showcase any significant price action due to the market's mild average volatility of 16%. The volatility of the coin reached its highest point at 18.39% during the observed period. The asset's volatility was at its lowest on November 11 when it dropped to 1.8%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.

The coin market was down by 18% on November 8, the second day of the reviewed time period. The bears dominated the price action during the following trading period as the price drifted 14% to the downside, having established the low for the reviewed time frame at $24.92, while the high was recorded at $30.09. KSM ’s performance during November 10 was the following: the price increased by 7% in conjunction with the acceptable trading volume. The price range of Kusama on November 11 formed between $28.09 and $25.7, whereas the daily price extremities were $25.7 and $28.9. On November 12, the crypto coin showcased the following price fluctuations: the trading session began at $25.62 and then traveled from the low of the day at $24.18 to the high of the day at $26.18, closing at $24.45. November 13 presented us with the following price action data: the coin opened the period at $24.42 and went on to establish the low at $23.52 and the high of the day at $24.7 before closing the day at $24.01. The price action on the asset's market during the period between November 7 and November 13 topped at $37.63, while the bottom of the price range was established at $23.52. Kusama shaped the $12.55 price range over the week of price action, which constituted the 34% gap between the weekly low and the weekly high.

The trading activity on the Kusama market over the past week - November 7 to November 13 - generated the average trading volume that went from $97 628 334 to $17 460 043. Over the week that came before the analyzed time span, the average trading volume of KSM ranged between $25 402 868 and $137 138 309. Percentage-wise, the trading volume of the asset changed by 18%, in comparison to the previous period, while its price experienced a 34% adjustment.

The total market capitalization of Kusama during the past 7-day oscillated between $326 865 206, the starting point that was established on November 7, and $215 694 434 on November 13, the end date of the reviewed period. When translated to percentage rate, the market capitalization of KSM over the past week adjusted by 34%. While the market capitalization of the coin was altered by 34%, its price has made a 34% change. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $327 204 828 on October 31 and $346 718 438 on November 6, which translates to a 6% change.

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Article date: November 13 | November 7 - 13

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