A 160% price appreciation seen on the Pera Finance market between November 18 and November 24.
The bullish behavior of Pera Finance last week was characterized by the occurrence of upswings. PERA has been going through a period of high volatility, which fell in line with the occurred price changes. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of increased trading volume.
During the reported period, Pera Finance has been swinging for the fences, which resulted in an average volatility of 247.77% for the given period. November 18 was the day when the asset was the most volatile, with the volatility going as high as 247.77%. The volatility of the coin fell to its lowest on November 24 when it slid to 0%. The high volatility of 247.77% points to the possibility of unpredictable and violent price action.
During the opening day on November 18, PERA has had a 2% move to the upside. On November 19 the coin market stayed neutral, with no changes in the price. The bears dominated the price action during the following trading period as the price drifted 20% to the downside, having established the low for the reviewed time frame at $0.0009, while the high was recorded at $0.001. The next trading session was characterized by more bullish price action (as PERA made a 20% move) on the back of the consistent trading volume. November 22 kicked off with Pera Finance trading opening at $0.0008 and then closing the session at $0.0008, establishing the 24H low at $0.0007 and 24H high at $0.0008 in the process. The trading period on November 23 saw the crypto coin forming the price amplitude between the open at $0.0008 and the close at $0.0009, also interacting with $0.0008 (24H low) and $0.0008 (24H high). November 24 presented us with the following price action data: the coin opened the period at $0.0009 and went on to establish the low at $0.0009 and the high of the day at $0.004 before closing the day at $0.003. During the reviewed time period, the asset was able to achieve the weekly high at $0.004, though at a certain point, the bear pressurized the price down to the weekly low at $0.0007. The difference between the lowest and the highest price points for the week was 160%, as the price moved in the $0.002 wide corridor.
In the period November 18 - November 24, the trading volume of Pera Finance went from $22 752 on the first day of the reviewed period to $193 741 on the closing day. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the PERA market had its volume ranging between $9 971 and $24 209. Percentage-wise, the trading volume of the asset changed by 176%, in comparison to the previous period, while its price experienced a 160% adjustment.
The total capitalization of Bitcoin at the start of the analyzed time period (November 18) amounted to $42 564; by the end of that period (November 24), the capitalization went to $161 137. 279% was the calculated percentage change for the PERA market over the past week. As a consequence of the 279% fluctuation in its market capitalization, the price of the coin changed by 160%. A more precise analysis of the Pera Finance market also requires a comparison with the change in market capitalization from the week before, which amounted to 31% on the back of the move from $63 834 to $43 994.