Opium(opium)market reviews and price predictions
Opium market statement for 2023-05-29
Yesterday the price of opium stood at $0.13. The market capitalization of the asset was $1 891 343. Opium’s volatility was established at 0.2%. The trading volume of the coin reached $10 929.
Opium prognosis for the next days:
We estimate the price of Opium to be $0.12 tomorrow 2023-06-02 and $0.13 on 2023-06-08;
We estimate the market capitalization of Opium to reach $1 817 596 tomorrow 2023-06-02 and $1 839 730 on 2023-06-04;
We estimate the volatility of Opium to become 2.08% tomorrow 2023-06-02 and 1.51% on 2023-06-04;
We estimate the trading volume of Opium to amount to $11 410 tomorrow 2023-06-02 and $11 207 on 2023-06-04.
Our recommendation for the pair OPIUM/USD for tomorrow, 2023-06-02, to sell.
Restrained price action on May 23 to May 29 as Opium moves up by only 2%.
The upward movement of the Opium price last week indicates the chosen market is. The price swings of OPIUM pointed to the presence of low volatility. There has been a rise 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 increasing trading volume.
Bearish response: The Opium price melts by 1% between May 20 and May 26.
The price of Opium was falling last from May 20 until May 26, giving enough reason to conclude that the market is. The volatility associated with the OPIUM market was low, as were its price fluctuations. The price action on the coin's market translated to the decline of market capitalization. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
Opium retraces by 3% in the period May 19 - May 25 as the market turns slightly bearish.
The price of Opium was falling last from May 19 until May 25, giving enough reason to conclude that the market is bearish. OPIUM has been going through a period of low volatility, which fell in line with the occurred price changes. 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.
Opium lost 7% in the period May 15 - May 21 as a result of selling pressure.
The analysis of last week’s price action shows that the Opium market is in the phase since the price has been moving downward. OPIUM has been going through a period of medium volatility, which fell in line with the occurred price changes. The market capitalization of the asset has been decreasing in concert with the price of the coin. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Down by 1% : The Opium market saw some bearish action last week (May 14 - May 20).
Between May 14 - May 20, Opium has been mostly as its price has been in the falling mode. OPIUM was caught in a period of medium volatility, which was reflected in its price action. The market capitalization of the asset has been decreasing in concert with the price of the coin. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Opium market stayed flat from May 13 - May 19.
Opium portrayed neutral behavior last week, with no changes in the price. 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 past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
Opium market stayed flat from May 13 - May 19.
Opium portrayed neutral behavior last week, with no changes in the price. The situation on the OPIUM market shows that the underlying asset is currently experiencing a period of medium volatility. 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 from last week stemmed from the increasing trading volume.
May 10 - May 16 price action recap: Opium sees a weak 1% gain as the buyers take a step back.
Between May 10 - May 16, Opium has been mostly 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 trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Bearish response: The Opium price melts by 3% between May 4 and May 10.
The analysis of last week’s price action shows that the Opium market is in the phase since the price has been moving downward. The volatility of OPIUM has been medium throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization falling over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Buyers kept pushing the Opium market to the upside between May 1 and May 7 as the price increased by 10%.
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. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.