Market analysis November 18 - November 24 : PLANET posts a 145% rally.
Between November 18 - November 24, PLANET has been mostly as its price has been in the rising mode. PLA was caught in a period of high volatility, which was reflected in its price action. 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 considerable chops and changes in the price of PLANET resulted in average volatility of 252.33%. The highest volatility was recorded on November 18 - it amounted to 252.33%. On November 24, the coin's volatility was at its minimum level of 0%. The increased volatility of 252.33% on the PLA market suggests large price swings in either direction, which is indicative of market instability.
While the overall situation on the PLANET market was neutral, the trading session on November 18 kicked off at the $0.001 price level. During the opening day on November 18, PLA has had a 5% move to the downside. The coin market was up by 252% on November 19, the second day of the reviewed time period. During the next trading day, the rate of change in the price of PLANET stood at 18% having reached the low at $0.003 and the high at $0.0039 as the advantage remained on the side of buyers. On November 22, PLA market moved by 4% in the bullish direction in concert with the trading volume. After the open at $0.004, PLANET moved during November 22 in the range between the said open and the close at $0.002, having posted the 24H low at $0.002 and the 24H high at $0.004. While the 24H high and low on November 23 were at $0.0025 and $0.0023, respectively, the crypto coin had been traded in the area between the open at $0.002 and the close at $0.003. November 24 presented us with the following price action data: the coin opened the period at $0.003 and went on to establish the low at $0.0024 and the high of the day at $0.0026 before closing the day at $0.003. The asset posted the weekly low at $0.001, while the top of the weekly trading session was registered at $0.004. PLANET bounced 145% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.002.
Over the period of the last 7 days, November 18 to November 24, PLANET saw its average trading volume fluctuate between $464 and $7 040. A more comprehensive analysis of PLA price action requires the comparison of the trading volume between November 18 and November 24 with that from the preceding week that demonstrated how the trading volume fluctuated between $717 and $5 239. Percentage-wise, the trading volume of the asset changed by 48%, in comparison to the previous period, while its price experienced a 145% adjustment.
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.