Kusama market stayed flat from November 9 - November 15.

Kusama portrayed neutral behavior last week, with no changes in the price. The volatility associated with the KSM market was medium, 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 trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

The volatility has been suppressed, as the Kusama price action suggests. We established that KSM didn't showcase any significant price action due to the market's mild average volatility of 15%. The coin was the most volatile on November 9, when the range of its price fluctuations reached 18.39%. On November 13, the volatility of the asset was at its minimum at 0.54%. 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.

While the overall situation on the Kusama market was bearish, the trading session on November 9 kicked off at the $28.84 price level. The 7% move in the upward direction took place on the second day after the weekly open. The bears dominated the price action during the following trading period as the price drifted 9% to the downside, having established the low for the reviewed time frame at $25.7, while the high was recorded at $28.9. The KSM market was down as the price shifted by 5% on November 12, against the backdrop of the sufficient trading volume. The price oscillation of Kusama on November 13 was in the $24.42 - $24.01 range; at the same time, the price stretched out to reach the 24H low at $23.52 and the 24H high at $24.7. The crypto coin opened the trading session on November 14 at $24.16 and finalized it at $23.88; the highest point of price action was at $24.16, the lowest was detected at $22.1. Between the 24H high at $25.51 and the 24H low at $24.02, the coin was traded in the $24.02 - $24.84 price corridor. Throughout the reviewed time period, no changes were observed on the asset's market. There was no difference between the lowest and highest price points for the observed week, with the Kusama market flatlining.

Kusama ’s average trading volume on the opening day of the observed time period, November 9, stood at $69 155 936, while on the closing day of the same period, it moved to $22 205 266. A more comprehensive analysis of KSM price action requires the comparison of the trading volume between November 9 and November 15 with that from the preceding week that demonstrated how the trading volume fluctuated between $67 841 679 and $137 138 309. Percentage-wise, the trading volume of the asset changed by 58%, in comparison to the previous period, while its price experienced a 0% adjustment.

The change in the total market capitalization of Kusama from November 9 to November 15 was as follows: on November 9, the capitalization was at $271 228 244, while on November 15, it reached the level of $218 761 655. The percentage change in the total market capitalization of KSM amounted to 19%. As a consequence of the 19% fluctuation in its market capitalization, the price of the coin changed by 0%. During the week before the analyzed time frame, the market capitalization of Kusama moved by 5% as it went from $304 725 321 to $319 701 866, and gave a better understanding of the general direction in which this market is flowing.

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Article date: November 15 | November 9 - 15

Market reviews for similar coins for November 9 - 15