Down by 5% : The Kusama market saw some bearish action last week (November 11 - November 17).

The bearish behavior of Kusama last week was characterized by the occurrence of downswings. KSM 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 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. The average volatility of 7% was the reason why the price of KSM didn't put up any significant gains. The largest volatility for the given period occurred on November 11 and amounted to 7.82%. The asset has been the least volatile on November 15; at this time, the volatility stood at 0.54%. Since the volatility of 7% can be deemed as mild, the crypto coin's market can be characterised as composed.

The first day of price action was marked by the 9% move to the downside from the point where the trading session opened. The coin market was down by 5% on November 12, the second day of the reviewed time period. During the following trading period on November 13, the price of Kusama oscillated between the low at $23.52 and the high at $24.7, while the price moved down by 2%. The trading volume on November 14 rendered support to the 1% bearish move of KSM. After the open at $24.02, Kusama moved during November 15 in the range between the said open and the close at $24.84, having posted the 24H low at $24.02 and the 24H high at $25.51. The price action on November 16 saw the crypto coin moving along the following route: starting point at $24.96 and closing point at $24.65, while it also deviated to establish the high of the day at $25.43 and the low of the day at $24.5. Between the 24H high at $24.95 and the 24H low at $24.12, the coin was traded in the $24.61 - $24.36 price corridor. $22.1 was the bottom of price action for the week, though the price went to the high extreme at $28.9 over the same time period. Traders saw Kusama covering the $1.34 distance between the weekly low and the weekly high, which constituted for a 5% move.

The past 7 days were marked by a change in average daily trading volume from $43 037 484 on November 11 to $10 472 700 on November 17. A more comprehensive analysis of KSM price action requires the comparison of the trading volume between November 11 and November 17 with that from the preceding week that demonstrated how the trading volume fluctuated between $52 606 459 and $137 138 309. The average trading volume of the asset fluctuated by 73% by comparison with the previous period, whereas the price change of 5% took place over the same period of time.

Bitcoin began the observed period November 11 - November 17, with the market capitalization of $253 037 577 and finalized it at the market capitalization level of $222 091 594. The percentage change in the total market capitalization of KSM amounted to 12%. As a consequence of the 12% fluctuation in its market capitalization, the price of the coin changed by 5%. A more precise analysis of the Kusama market also requires a comparison with the change in market capitalization from the week before, which amounted to 27% on the back of the move from $301 316 040 to $218 548 877.

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Article date: November 17 | November 11 - 17

Market reviews for similar coins for November 11 - 17