The bears had a field day between November 9 and November 15 as Oxygen got knocked down by 35%.

The analysis of last week’s price action shows that the Oxygen market is in the bearish phase since the price has been moving downward. The situation on the OXY market shows that the underlying asset is currently experiencing a period of medium 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.

Oxygen has been moving reservedly on the backdrop of average volatility. During the reviewed period, the volatility of OXY was in the middle register, averaging at 8%. The volatility of the coin reached its highest point at 15.36% during the observed period. The asset's volatility was at its lowest on November 13 when it dropped to 5.44%. The crypto coin's market didn't put up any surprises due to mild average volatility of 8%.

Oxygen began the day on November 9 at $0.04, while the broad background was bearish. The first day of price action was marked by the 13% move to the downside from the point where the trading session opened. The 11% move in the downward direction took place on the second day after the weekly open. During the next trading day, the rate of change in the price of Oxygen stood at 13% having reached the low at $0.03 and the high at $0.03 as the advantage remained on the side of buyers. OXY ’s performance during November 12 was the following: the price declined by 13% in conjunction with the acceptable trading volume. The developments on the Oxygen market on November 13 started with the price opening at $0.03 and subsequently moving to $0.02, the close of the day, while dropping to the 24H low at $0.023 and spiking to the 24H high at $0.023. While the 24H high and low on November 14 were at $0.02 and $0.02, respectively, the crypto coin had been traded in the area between the open at $0.02 and the close at $0.02. Between the 24H high at $0.02 and the 24H low at $0.02, the coin was traded in the $0.02 - $0.02 price corridor. The price action on the asset's market during the period between November 9 and November 15 topped at $0.04, while the bottom of the price range was established at $0.02. The price action on the weekly time frame made Oxygen within the 35% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.01.

The past 7 days were marked by a change in average daily trading volume from $365 749 on November 9 to $204 123 on November 15. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the OXY market had its volume ranging between $323 520 and $489 287. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 39%, and the 35% price shift.

The change in the total market capitalization of Oxygen from November 9 to November 15 was as follows: on November 9, the capitalization was at $7 597 652, while on November 15, it reached the level of $4 142 452. The percentage change in the total market capitalization of OXY amounted to 45%. As a consequence of the 45% fluctuation in its market capitalization, the price of the coin changed by 35%. Oxygen ’s market capitalization from the week before changed by 2%, as the result of fluctuation between $8 883 669 and $7 597 652, to give a clearer vision of the current state of the market.

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Article date: November 15 | November 9 - 15

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