The market crumbled last week (November 3 - November 9) as Phoenix Global lost 35%.

Phoenix Global has been bearish last week as its price has been predominantly falling. The volatility associated with the PHB market was high, as were its price fluctuations. There has been a fall in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

The considerable chops and changes in the price of Phoenix Global resulted in average volatility of 22.85%. November 3 was the day when the asset was the most volatile, with the volatility going as high as 22.85%. The coin saw its volatility drop to a minimum at 0.38% on November 9. The high volatility of 22.85% points to the possibility of unpredictable and violent price action.

The trading session on November 3 started with Phoenix Global opening at $0.51 on the backdrop of bearish sentiment throughout the market. PHB made a 7% step in an upward direction during the first daily trading session that took place on November 3. On November 4, the price of the coin has shifted by 3% from the daily open on the back of a good trading volume. During the next trading day, the rate of change in the price of Phoenix Global stood at 1% having reached the low at $0.57 and the high at $0.6 as the advantage remained on the side of buyers. Over the next trading period (on November 6), PHB was moving up by 9% on the back of a congruous trading volume. The developments on the Phoenix Global market on November 7 started with the price opening at $0.62 and subsequently moving to $0.57, the close of the day, while dropping to the 24H low at $0.57 and spiking to the 24H high at $0.57. On November 8, the crypto coin showcased the following price fluctuations: the trading session began at $0.57 and then traveled from the low of the day at $0.46 to the high of the day at $0.57, closing at $0.46. Between the 24H high at $0.41 and the 24H low at $0.36, the coin was traded in the $0.39 - $0.36 price corridor. The asset posted the weekly low at $0.36, while the top of the weekly trading session was registered at $0.66. Traders saw Phoenix Global covering the $0.19 distance between the weekly low and the weekly high, which constituted for a 35% move.

As for the average trading volume in the time slot between November 3 and November 9, the Phoenix Global market registered the change from $3 825 131 to $7 662 489. In order to have a better grasp of the PHB market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $2 281 742 to $8 254 423. The 130% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 35%.

The change in the total market capitalization of Phoenix Global from November 3 to November 9 was as follows: on November 3, the capitalization was at $19 072 049, while on November 9, it reached the level of $15 192 820. The percentage change in the total market capitalization of PHB amounted to 20%. The said 20% percentage change in market capitalization of the coin was accompanied by the 35% fluctuation in the price of the underlying asset. Phoenix Global ’s market capitalization from the week before changed by 11%, as the result of fluctuation between $21 519 680 and $19 072 049, to give a clearer vision of the current state of the market.

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Article date: November 9 | November 3 - 9

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