A 53% drop on the Oxygen market last week (November 13 - November 19) signals that the sellers are gaining strength.
Oxygen has been bearish last week as its price has been predominantly falling. OXY has been going through a period of high volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
The volatility of Oxygen was at 29.19% on average, which caused noticeable price fluctuations. The highest volatility was recorded on November 13 - it amounted to 29.19%. The lowest volatility for the given period was spotted on November 19 and reached 5.44%. The present volatility of 29.19% is indicative of unstable market conditions.
While the overall situation on the Oxygen market was bearish, the trading session on November 13 kicked off at the $0.03 price level. The losses of OXY after the weekly open on November 13 amounted to 12%. November 14 saw the coin going another 15% since the open, supported by the corresponding trading volume. Oxygen posted the interim low at $0.02 on November 15 and then moved up by 8% and peaked at $0.02. On November 17, OXY market moved by 8% in the bearish direction in concert with the trading volume. The price range of Oxygen on November 17 formed between $0.02 and $0.01, whereas the daily price extremities were $0.014 and $0.02. The trading period on November 18 saw the crypto coin forming the price amplitude between the open at $0.01 and the close at $0.01, also interacting with $0.012 (24H low) and $0.012 (24H high). The coin found the deepest trough (24H low) at $0.011 on November 19 and then exploded to the ceiling (24H high) at $0.013; the price range for that day was between $0.01 and $0.01. The price action on the asset's market during the period between November 13 and November 19 topped at $0.03, while the bottom of the price range was established at $0.01. Oxygen bounced 53% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.01.
As for the average trading volume in the time slot between November 13 and November 19, the Oxygen market registered the change from $189 948 to $263 404. Over the week that came before the analyzed time span, the average trading volume of OXY ranged between $171 309 and $489 287. Percentage-wise, the trading volume of the asset changed by 25%, in comparison to the previous period, while its price experienced a 53% adjustment.
Oxygen had its total market capitalization change from $5 628 790 on November 13 to $2 564 420 on November 19, the end of the examined time frame. OXY experienced a 54% change in total market capitalization throughout the past seven days. While the market capitalization of the coin was altered by 54%, its price has made a 53% change. 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 32% on the back of the move from $9 401 627 to $6 358 408.