A 54% drop on the Oxygen market last week (November 12 - November 18) signals that the sellers are gaining strength.

The downward movement of the Oxygen price last week indicates the chosen market is bearish. The volatility of OXY has been high throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of decreased trading volume.

During the reported period, Oxygen has been swinging for the fences, which resulted in an average volatility of 29.19% for the given period. November 12 was the day when the asset was the most volatile, with the volatility going as high as 29.19%. The quietest period on the coin's market happened on November 18 as the volatility failed to surpass the 5.44% mark. The present volatility of 29.19% renders the OXY market unstable with the possibility of violent price swings.

The bears were dictating the terms on the Oxygen market on November 12 - the trading session opened at $0.03. The 12% 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 15% having reached the low at $0.02 and the high at $0.02 as the advantage remained on the side of sellers. The next trading session was characterized by more price action (as OXY made a 8% move) on the back of the consistent trading volume. Oxygen finalized the trading day of November 16 at $0.02 after opening it at $0.02, though the price broke through that corridor to hit the 24H high at $0.02 and the 24H low at $0.02. The price action on November 17 saw the crypto coin moving along the following route: starting point at $0.02 and closing point at $0.01, while it also deviated to establish the high of the day at $0.02 and the low of the day at $0.014. Between the 24H high at $0.014 and the 24H low at $0.012, the coin was traded in the $0.01 - $0.01 price corridor. The asset posted the weekly low at $0.01, while the top of the weekly trading session was registered at $0.03. As a result of price action within the designated time period, the price movement range on the Oxygen market was established at $0.02 or 54% between the weekly low and the weekly high.

The trading activity on the Oxygen market over the past week - November 12 to November 18 - generated the average trading volume that went from $179 204 to $354 488. During the week before November 12, the trading volume of OXY flowed from $171 309 to $489 287. Percentage-wise, the trading volume of the asset changed by 33%, in comparison to the previous period, while its price experienced a 54% adjustment.

The past week saw the market capitalization of Oxygen making a shift from $6 358 408 on November 12 to $2 824 334 on November 18, the peak for the analyzed period. The rate of percentage change for the last week for OXY was 56%. The said 56% percentage change in market capitalization of the coin was accompanied by the 54% fluctuation in the price of the underlying asset. A more precise analysis of the Oxygen market also requires a comparison with the change in market capitalization from the week before, which amounted to 30% on the back of the move from $8 996 853 to $6 297 917.

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Article date: November 18 | November 12 - 18

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