A 296% price appreciation seen on the POA Network market between November 18 and November 24.
The analysis of last week’s price action shows that the POA Network market is in the phase since the price has been moving upward. The situation on the POA market shows that the underlying asset is currently experiencing a period of high volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The volatility of POA Network was at 359.81% on average, which caused noticeable price fluctuations. November 18 was the day when the asset was the most volatile, with the volatility going as high as 359.81%. On November 24, the coin's volatility was at its minimum level of 1.08%. The present volatility of 359.81% renders the POA market unstable with the possibility of violent price swings.
POA made a 10% step in an upward direction during the first daily trading session that took place on November 18. The price action of the coin remained on November 19 as the pushed the price up by 1%. During the following trading period on November 20, the price of POA Network oscillated between the low at $0.003 and the high at $0.003, while the price moved up by 25%. The trading volume on November 21 rendered support to the 9% bearish move of POA. The price range of POA Network on November 22 formed between $0.003 and $0.002, whereas the daily price extremities were $0.0021 and $0.0028. On November 23, 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 $0.0021 to the high of the day at $0.0025, closing at $0.002. Most trading activity on November 24 occurred in the space between $0.002 and $0.01; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.002, though the bulls had also staged the rally to the 24H high at $0.01. The asset posted the weekly low at $0.002, while the top of the weekly trading session was registered at $0.01. The price action on the weekly time frame made POA Network within the 296% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.007.
Over the period of the last 7 days, November 18 to November 24, POA Network saw its average trading volume fluctuate between $0.02 and $21.51. A more comprehensive analysis of POA 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 $0.25 and $35.91. The 50% trading volume fluctuation between November 18 and November 24, as compared with the previous period, served as a basis for a 296% price move.
The total market capitalization of POA Network during the past 7-day oscillated between $410 883, the starting point that was established on November 18, and $357 427 on November 24, the end date of the reviewed period. The percentage change in the total market capitalization of POA amounted to 13%. The price of the coin changed by 296% on the back of the 13% shift in its total market capitalization. During the week before the analyzed time frame, the market capitalization of POA Network moved by 1% as it went from $375 036 to $377 738, and gave a better understanding of the general direction in which this market is flowing.