November 16 - November 22 price action review: PLANET goes down by 9%.
The price of PLANET was falling last from November 16 until November 22, giving enough reason to conclude that the market is bearish. 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.
The volatility of PLANET was at 252.33% on average, which caused noticeable price fluctuations. The asset was the most volatile on November 16 when the registered volatility shot up to 252.33%. On November 22, the coin's volatility was at its minimum level of 0%. The high volatility of 252.33% points to the possibility of unpredictable and violent price action.
PLA made a 1% step in an upward direction during the first daily trading session that took place on November 16. The 55% move in the downward direction took place on the second day after the weekly open. The bears dominated the price action during the following trading period as the price drifted 5% to the downside, having established the low for the reviewed time frame at $0.001, while the high was recorded at $0.003. PLA ’s performance during November 19 was the following: the price increased by 252% in conjunction with the acceptable trading volume. The developments on the PLANET market on November 20 started with the price opening at $0.003 and subsequently moving to $0.004, the close of the day, while dropping to the 24H low at $0.003 and spiking to the 24H high at $0.003. While the 24H high and low on November 21 were at $0.0039 and $0.0032, respectively, the crypto coin had been traded in the area between the open at $0.004 and the close at $0.004. As for the occurrences on November 22, the price of the coin bottomed at $0.002 and peaked at $0.004, while its daily range formed between $0.004 and $0.002. The price action on the asset's market during the period between November 16 and November 22 topped at $0.004, while the bottom of the price range was established at $0.001. PLANET shaped the $0.0002 price range over the week of price action, which constituted the 9% gap between the weekly low and the weekly high.
In the period November 16 - November 22, the trading volume of PLANET went from $2 406 on the first day of the reviewed period to $313 on the closing day. A more comprehensive analysis of PLA price action requires the comparison of the trading volume between November 16 and November 22 with that from the preceding week that demonstrated how the trading volume fluctuated between $717 and $20 155. The asset demonstrated an 89% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 9%.
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.