Buyers kept pushing the POA Network market to the upside between November 13 and November 19 as the price increased by 8%.
POA Network has been bullish last week as its price has been predominantly rising. POA has been going through a period of high volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
During the reported period, POA Network has been swinging for the fences, which resulted in an average volatility of 242.69% for the given period. The asset was the most volatile on November 13 when the registered volatility shot up to 242.69%. The lowest volatility for the given period was spotted on November 19 and reached 0.43%. The high volatility of 242.69% points to the possibility of unpredictable and violent price action.
There were no gains or losses to the POA market on November 13, it remained flat. The 31% move in the downward direction took place on the second day after the weekly open. On November 15, the market was moving to the upside as POA Network went 47% up from the low at $0.002 to the high at $0.003. The trading volume on November 16 rendered support to the 20% bullish move of POA. The price oscillation of POA Network on November 17 was in the $0.003 - $0.01 range; at the same time, the price stretched out to reach the 24H low at $0.003 and the 24H high at $0.01. On November 18, the crypto coin showcased the following price fluctuations: the trading session began at $0.002 and then traveled from the low of the day at $0.0023 to the high of the day at $0.0025, closing at $0.002. November 19 presented us with the following price action data: the coin opened the period at $0.002 and went on to establish the low at $0.0025 and the high of the day at $0.0025 before closing the day at $0.003. The price action on the asset's market during the period between November 13 and November 19 topped at $0.01, while the bottom of the price range was established at $0.002. Traders saw POA Network covering the $0.0002 distance between the weekly low and the weekly high, which constituted for a 8% move.
As for the average trading volume in the time slot between November 13 and November 19, the POA Network market registered the change from $23.56 to $0.005. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the POA market had its volume ranging between $0.07 and $25.39. The 10% trading volume fluctuation between November 13 and November 19, as compared with the previous period, served as a basis for a 8% price move.
Bitcoin began the observed period November 13 - November 19, with the market capitalization of $498 060 and finalized it at the market capitalization level of $416 208. The rate of percentage change for the last week for POA was 16%. As a consequence of the 16% fluctuation in its market capitalization, the price of the coin changed by 8%. In the preceding week, November 6 - November 12, the market capitalization of POA Network got a 13% adjustment ($434 339 to $375 741) in comparison to a 16% change last week; this allows getting a deeper insight into the market structure.