Shiba Inu

November 11 - November 17 price action review: Shiba Inu goes down by 10%.

The bearish behavior of Shiba Inu last week was characterized by the occurrence of downswings. SHIB was caught in a period of medium volatility, which was reflected in its price action. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin last week took place on the back of decreased trading volume.

The volatility has been suppressed, as the Shiba Inu price action suggests. Our comprehensive data indicates that the price change of SHIB has been moderate on the back of the average volatility of 9% for the given time period. The highest point of the coin's volatility reached 10% in the analyzed time frame. The asset's volatility was at its lowest on November 15 when it dropped to 0%. The crypto coin's market didn't put up any surprises due to mild average volatility of 9%.

There were no gains or losses to the SHIB market on November 11, it remained flat. On November 12 the coin market stayed neutral, with no changes in the price. Shiba Inu posted the interim low at $0.000009 on November 13 and then moved down by 10% and peaked at $0.00001. On November 14, the value of SHIB was in the range, with the market remaining flat. On November 15, Shiba Inu finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on November 16. The coin's market saw no changes on November 17, as the market flatlined. During the reviewed time period, the asset was able to achieve the weekly high at $0.00001, though at a certain point, the bear pressurized the price down to the weekly low at $0.000009. The price action on the weekly time frame made Shiba Inu within the 10% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.000001.

Shiba Inu ’s average trading volume on the opening day of the observed time period, November 11, stood at $583 339 628, while on the closing day of the same period, it moved to $268 602 386. We can draw the comparison with the period of 7 days that preceded the reviewed one when SHIB ’s trading volume varied from $326 219 510 to $752 482 294. The average trading volume of the asset fluctuated by 42% by comparison with the previous period, whereas the price change of 10% took place over the same period of time.

The total market capitalization of Shiba Inu during the past 7-day oscillated between $5 999 556 686, the starting point that was established on November 11, and $5 398 792 323 on November 17, the end date of the reviewed period. Percentage-wise, the market capitalization of SHIB has shifted by 10% in the past week. The 10% change in the coin's market capitalization affected the price rate that saw a 10% shift in the same time period. A more precise analysis of the Shiba Inu market also requires a comparison with the change in market capitalization from the week before, which amounted to 25% on the back of the move from $6 896 584 050 to $5 153 507 701.

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Article date: November 17 | November 11 - 17

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