OpenDAO(sos)market reviews and price predictions
OpenDAO market statement for 2023-06-01
Yesterday the price of sos stood at $0.00000007. The market capitalization of the asset was $2 699 922. OpenDAO’s volatility was established at 0.65%. The trading volume of the coin reached $617 184.
OpenDAO prognosis for the next days:
We estimate the price of OpenDAO to be $0.00000006 tomorrow 2023-06-06 and $0.00000007 on 2023-06-12;
We estimate the market capitalization of OpenDAO to reach $2 703 475 tomorrow 2023-06-06 and $2 715 211 on 2023-06-08;
We estimate the volatility of OpenDAO to become 1.85% tomorrow 2023-06-06 and 1.39% on 2023-06-08;
We estimate the trading volume of OpenDAO to amount to $857 170 tomorrow 2023-06-06 and $734 689 on 2023-06-08.
Our recommendation for the pair SOS/USD for tomorrow, 2023-06-06, to hold.
OpenDAO retraces by 2% in the period May 26 - June 1 as the market turns slightly bearish.
Between May 26 - June 1, OpenDAO has been mostly as its price has been in the falling mode. The price swings of SOS pointed to the presence of low volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
May 26 - June 1 market wrap: OpenDAO had a slight 2% drop.
The analysis of last week’s price action shows that the OpenDAO market is in the phase since the price has been moving downward. The price swings of SOS pointed to the presence of low volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
Bearish response: The OpenDAO price melts by 4% between May 23 and May 29.
Between May 23 - May 29, OpenDAO has been mostly bearish as its price has been in the falling mode. SOS was caught in a period of medium volatility, which was reflected in its price action. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of decreased trading volume.
Slightly bearish : traders witnessed OpenDAO moving down 2% from May 22 till May 28.
OpenDAO has been bearish last week as its price has been predominantly falling. The situation on the SOS 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 trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
Bearish response: The OpenDAO price melts by 3% between May 21 and May 27.
The price of OpenDAO was falling last from May 21 until May 27, giving enough reason to conclude that the market is. SOS was caught in a period of medium volatility, which was reflected in its price action. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of decreased trading volume.
OpenDAO slid down by 3% last week (May 21 - May 27) as the sellers pushed back.
The behavior of OpenDAO last week was characterized by the occurrence of downswings. The volatility associated with the SOS market was medium, as were its price fluctuations. There has been a fall in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Bearish response: The OpenDAO price melts by 3% between May 21 and May 27.
Between May 21 - May 27, OpenDAO has been mostly as its price has been in the falling mode. The volatility associated with the SOS market was medium, as were its price fluctuations. There has been a fall in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Bearish response: The OpenDAO price melts by 3% between May 21 and May 27.
Between May 21 - May 27, OpenDAO has been mostly as its price has been in the falling mode. The volatility associated with the SOS market was medium, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
Red clouds gathered above the OpenDAO market last week (May 18 - May 24) as the price went down by 9%.
Between May 18 - May 24, OpenDAO has been mostly bearish as its price has been in the falling mode. The volatility associated with the SOS market was medium, as were its price fluctuations. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of decreased trading volume.
May 17 - May 23 price action review: OpenDAO goes down by 6%.
The price of OpenDAO was falling last from May 17 until May 23, giving enough reason to conclude that the market is. The volatility associated with the SOS market was medium, 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.