November 13 - November 19 market watch: PLANET goes up by 51% as buying pressure persists.
The analysis of last week’s price action shows that the PLANET market is in the phase since the price has been moving upward. The situation on the PLA market shows that the underlying asset is currently experiencing a period of high volatility. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
We have established that the average volatility of PLANET was at 252.33% in concert with its rapid price change. The asset was the most volatile on November 13 when the registered volatility shot up to 252.33%. The quietest period on the coin's market happened on November 19 as the volatility failed to surpass the 0.08% mark. The increased volatility of 252.33% on the PLA market suggests large price swings in either direction, which is indicative of market instability.
There were no gains or losses to the PLA market on November 13, it remained flat. On November 14 the coin market stayed neutral, with no changes in the price. The price range of PLANET formed between $0.0025 and $0.00255 on November 15 as the price traveled 1% down. The trading volume on November 16 rendered support to the 1% bullish move of PLA. November 17 kicked off with PLANET trading opening at $0.003 and then closing the session at $0.001, establishing the 24H low at $0.001 and 24H high at $0.003 in the process. The crypto coin opened the trading session on November 18 at $0.001 and finalized it at $0.001; the highest point of price action was at $0.003, the lowest was detected at $0.001. November 19 presented us with the following price action data: the coin opened the period at $0.001 and went on to establish the low at $0.001 and the high of the day at $0.004 before closing the day at $0.004. The highest point of the price action over the week was at $0.004 - the weekly low during the same period was established at $0.001. Traders saw PLANET covering the $0.001 distance between the weekly low and the weekly high, which constituted for a 51% move.
The trading activity on the PLANET market over the past week - November 13 to November 19 - generated the average trading volume that went from $4 635 to $262. In order to have a better grasp of the PLA 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 $717 to $20 155. The average trading volume of the asset fluctuated by 67% by comparison with the previous period, whereas the price change of 51% took place over the same period of time.
PLA experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. PLANET market capitalization from the week before experienced no change, as a result there were no price fluctuations.