Pera Finance

A 51% drop on the Pera Finance market last week (November 6 - November 12) signals that the sellers are gaining strength.

The analysis of last week’s price action shows that the Pera Finance market is in the bearish phase since the price has been moving downward. PERA was caught in a period of high volatility, which was reflected in its price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of decreased trading volume.

According to our calculations, Pera Finance experiences larger than usual price fluctuations, which translates to the average volatility percentage of 33.19% during the period under review. The asset was the most volatile on November 6 when the registered volatility shot up to 33.19%. The quietest period on the coin's market happened on November 12 as the volatility failed to surpass the 4.58% mark. 33.19% is too high a volatility for the PERA market to be considered stable and easily predictable.

On November 6, the first trading session of the reviewed time period, the market participants saw PERA moving down by 7%. The coin market was down by 8% on November 7, the second day of the reviewed time period. The bears dominated the price action during the following trading period as the price drifted 14% to the downside, having established the low for the reviewed time frame at $0.002, while the high was recorded at $0.002. The trading volume on November 9 rendered support to the 30% bearish move of PERA. Pera Finance finalized the trading day of November 10 at $0.002 after opening it at $0.001, though the price broke through that corridor to hit the 24H high at $0.0016 and the 24H low at $0.0013. The activity on the crypto coin's market on November 11 resulted in the asset being traded between $0.002, the open of the day, and $0.001, the close of the day; at some point, the price spiked to the daily high at $0.0016 and briefly dropped to the daily low at $0.0012. On the last day of the reviewed period, the coin was locked between $0.001 and $0.001, though the price managed to puncture these levels to reach the 24H high at $0.0013 and the 24H low at $0.0012. The highest point of the price action over the week was at $0.003 - the weekly low during the same period was established at $0.001. Pera Finance shaped the $0.001 price range over the week of price action, which constituted the 51% gap between the weekly low and the weekly high.

The trading activity on the Pera Finance market over the past week - November 6 to November 12 - generated the average trading volume that went from $25 582 to $13 926. Over the week that came before the analyzed time span, the average trading volume of PERA ranged between $5 673 and $18 421. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 21%, and the 51% price shift.

The total capitalization of Bitcoin at the start of the analyzed time period (November 6) amounted to $102 730; by the end of that period (November 12), the capitalization went to $50 513. 51% was the calculated percentage change for the PERA market over the past week. While the market capitalization of the coin was altered by 51%, its price has made a 51% change. In the preceding week, October 30 - November 5, the market capitalization of Pera Finance got a 4% adjustment ($96 336 to $92 843) in comparison to a 51% change last week; this allows getting a deeper insight into the market structure.

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Article date: November 12 | November 6 - 12

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