POA Network

The bulls muster more strength as POA Network rises by 188% from November 20 to November 26.

The price of POA Network was rising last from November 20 until November 26, giving enough reason to conclude that the market is bullish. The volatility associated with the POA market was high, as were its price fluctuations. The price action on the coin's market translated to the growth of market capitalization. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.

During the reported period, POA Network has been swinging for the fences, which resulted in an average volatility of 359.81% for the given period. The asset was the most volatile on November 20 when the registered volatility shot up to 359.81%. The coin's market was the least volatile on November 26 when this particular metric didn’t exceed 0.3%. 359.81% is too high a volatility for the POA market to be considered stable and easily predictable.

The first day of price action was marked by the 25% move to the upside from the point where the trading session opened. The price action of the coin remained on November 21 as the pushed the price down by 9%. The price range of POA Network formed between $0.0021 and $0.0028 on November 22 as the price traveled 25% down. The next trading session was characterized by more bullish price action (as POA made a 2% move) on the back of the consistent trading volume. POA Network finalized the trading day of November 24 at $0.01 after opening it at $0.002, though the price broke through that corridor to hit the 24H high at $0.01 and the 24H low at $0.002. No changes were observed on the crypto coin's market on November 25. As for the occurrences on November 26, the price of the coin bottomed at $0.002 and peaked at $0.01, while its daily range formed between $0.01 and $0.009. The price action on the asset's market during the period between November 20 and November 26 topped at $0.01, while the bottom of the price range was established at $0.002. Traders saw POA Network covering the $0.006 distance between the weekly low and the weekly high, which constituted for a 188% move.

As for the average trading volume in the time slot between November 20 and November 26, the POA Network market registered the change from $0.01 to $0.02. A more comprehensive analysis of POA price action requires the comparison of the trading volume between November 20 and November 26 with that from the preceding week that demonstrated how the trading volume fluctuated between $0.005 and $35.91. The 45% trading volume fluctuation between November 20 and November 26, as compared with the previous period, served as a basis for a 188% price move.

The change in the total market capitalization of POA Network from November 20 to November 26 was as follows: on November 20, the capitalization was at $414 039, while on November 26, it reached the level of $1 572 030. The percentage change in the total market capitalization of POA amounted to 280%. The price of the coin changed by 188% on the back of the 280% shift in its total market capitalization. A better understanding of the lay of the land on the POA Network market requires a comparison with the preceding week when the total market capitalization of POA Network changed by 16% as it went from $498 060 to $414 039.

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Article date: November 26 | November 20 - 26

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