Merit Circle(mc)market reviews and price predictions
Merit Circle market statement for 2023-05-31
Yesterday the price of mc stood at $0.21. The market capitalization of the asset was $86 870 118. Merit Circle’s volatility was established at 3.72%. The trading volume of the coin reached $1 081 043.
Merit Circle prognosis for the next days:
We estimate the price of Merit Circle to be $0.22 tomorrow 2023-06-02 and $0.23 on 2023-06-08;
We estimate the market capitalization of Merit Circle to reach $85 633 437 tomorrow 2023-06-02 and $86 419 871 on 2023-06-04;
We estimate the volatility of Merit Circle to become 1.11% tomorrow 2023-06-02 and 1.58% on 2023-06-04;
We estimate the trading volume of Merit Circle to amount to $1 353 408 tomorrow 2023-06-02 and $1 175 493 on 2023-06-04.
Our recommendation for the pair MC/USD for tomorrow, 2023-06-02, to buy.
Merit Circle slid down by 1% last week (May 25 - May 31) as the sellers pushed back.
Merit Circle has been bearish last week as its price has been predominantly falling. MC has been going through a period of low volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
Merit Circle sees limited 1% gains between May 24 and May 30 as the market cools down.
Merit Circle has been bearish last week as its price has been predominantly rising. The price swings of MC pointed to the presence of low volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The bleeding market: Merit Circle loses 6% between May 21 and May 27 as the selling pressure grows.
The analysis of last week’s price action shows that the Merit Circle market is in the bearish phase since the price has been moving downward. The volatility associated with the MC market was low, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
The bleeding market: Merit Circle loses 8% between May 20 and May 26 as the selling pressure grows.
Merit Circle has been bearish last week as its price has been predominantly falling. The price swings of MC pointed to the presence of low volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The bears stepped up a gear on May 20 - May 26, dropping the price of Merit Circle by 8%.
The price of Merit Circle was falling last from May 20 until May 26, giving enough reason to conclude that the market is bearish. The volatility associated with the MC market was low, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin last week took place on the back of decreased trading volume.
The bleeding market: Merit Circle loses 8% between May 20 and May 26 as the selling pressure grows.
The bearish behavior of Merit Circle last week was characterized by the occurrence of downswings. MC was caught in a period of low volatility, which was reflected in its price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin last week took place on the back of decreased trading volume.
Bearish price action on May 20 to May 26 resulted in Merit Circle by 8%.
The analysis of last week’s price action shows that the Merit Circle market is in the bearish phase since the price has been moving downward. MC has been going through a period of low volatility, which fell in line with the occurred price changes. There has been a fall in the market capitalization of the asset during the period under review. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The bears stepped up a gear on May 17 - May 23, dropping the price of Merit Circle by 7%.
The analysis of last week’s price action shows that the Merit Circle market is in the bearish phase since the price has been moving downward. The volatility associated with the MC market was low, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Bearish price action on May 17 to May 23 resulted in Merit Circle by 7%.
Between May 17 - May 23, Merit Circle has been mostly bearish as its price has been in the falling mode. The price swings of MC pointed to the presence of low volatility. There has been a fall in the market capitalization of the asset during the period under review. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Merit Circle market stayed flat from May 14 - May 20.
Merit Circle portrayed neutral behavior last week, with no changes in the price. The situation on the MC market shows that the underlying asset is currently experiencing a period of low volatility. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.