Opium(opium)market reviews and price predictions
Opium market statement for 2023-01-30
Yesterday the price of opium stood at $0.12. The market capitalization of the asset was $1 234 403. Opium’s volatility was established at 3.68%. The trading volume of the coin reached $22 047.
Opium prognosis for the next days:
We estimate the price of Opium to be $0.12 tomorrow 2023-02-01 and $0.12 on 2023-02-07;
We estimate the market capitalization of Opium to reach $1 198 365 tomorrow 2023-02-01 and $1 215 454 on 2023-02-03;
We estimate the volatility of Opium to become 0.96% tomorrow 2023-02-01 and 1.86% on 2023-02-03;
We estimate the trading volume of Opium to amount to $18 358 tomorrow 2023-02-01 and $19 844 on 2023-02-03.
Our recommendation for the pair OPIUM/USD for tomorrow, 2023-02-01, to hold.
Opium market stayed flat from January 24 - January 30.
Opium portrayed neutral behavior last week, with no changes in the price. The volatility of OPIUM has been low throughout the reviewed period in correspondence with the price action. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of increased trading volume.
The bullish pressure subsides between January 23 and January 29 as Opium gains only 4%.
Opium has been bullish last week as its price has been predominantly rising. The volatility of OPIUM has been low throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The bullish pressure subsides between January 18 and January 24 as Opium gains only 1%.
The behavior of Opium last week was characterized by the occurrence of upswings. The price swings of OPIUM pointed to the presence of medium 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.
The bullish pressure subsides between January 14 and January 20 as Opium gains only 5%.
Between January 14 - January 20, Opium has been mostly bullish as its price has been in the rising mode. The volatility of OPIUM has been medium throughout the reviewed period in correspondence with the price action. The price action on the coin's market translated to the growth of market capitalization. The price action of the crypto coin from last week stemmed from the increasing trading volume.
Buyers kept pushing the Opium market to the upside between January 13 and January 19 as the price increased by 10%.
The bullish behavior of Opium last week was characterized by the occurrence of upswings. OPIUM was caught in a period of medium volatility, which was reflected in its price action. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Market analysis January 8 - January 14 : Opium posts a 19% rally.
The bullish behavior of Opium last week was characterized by the occurrence of upswings. The situation on the OPIUM market shows that the underlying asset is currently experiencing a period of medium volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
Opium retraces by 2% in the period December 31 - January 6 as the market turns slightly bearish.
Between December 31 - January 6, Opium has been mostly bearish as its price has been in the falling mode. The price swings of OPIUM pointed to the presence of low volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
Bearish response: The Opium price melts by 2% between December 28 and January 3.
The behavior of Opium last week was characterized by the occurrence of downswings. OPIUM has been going through a period of low volatility, which fell in line with the occurred price changes. There has been a rise 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 growing trading volume on the corresponding market.
Slightly bearish : traders witnessed Opium moving down 1% from December 26 till January 1.
The price of Opium was falling last from December 26 until January 1, giving enough reason to conclude that the market is. The price swings of OPIUM 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 price action of the crypto coin from last week stemmed from the decreasing trading volume.
Last week’s (December 22 - December 28) irresolute Opium : the price moved up no more than 2%.
The price of Opium was rising last from December 22 until December 28, giving enough reason to conclude that the market is. The volatility associated with the OPIUM market was low, as were its price fluctuations. 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.