The bleeding market: Shrooms loses 9% between November 12 and November 18 as the selling pressure grows.
The analysis of last week’s price action shows that the Shrooms market is in the bearish phase since the price has been moving downward. The situation on the SHRM market shows that the underlying asset is currently experiencing a period of medium volatility. 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 unfolding situation in the Shrooms market suggests that the reviewed digital asset is in the stage of mild volatility. Our comprehensive data indicates that the price change of SHRM has been moderate on the back of the average volatility of 6% for the given time period. The coin has hit the highest point of volatility on November 12. 0.56% was the rock bottom for the asset's volatility that was reached on November 16. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.
On November 12, the Shrooms market opened at $0.01, preceded by a period of bearish action. The price of SHRM took a 1% down downswing at the open of the weekly trading period. The price action of the coin remained bearish on November 13 as the bears pushed the price down by 2%. The price range of Shrooms formed between $0.009 and $0.01 on November 14 as the price traveled 2% down. On November 15, the value of SHRM was in the range, with the market remaining flat. November 16 kicked off with Shrooms trading opening at $0.01 and then closing the session at $0.01, establishing the 24H low at $0.0097 and 24H high at $0.0098 in the process. On November 17, the crypto coin showcased the following price fluctuations: the trading session began at $0.009 and then traveled from the low of the day at $0.0091 to the high of the day at $0.0095, closing at $0.009. The coin found the deepest trough (24H low) at $0.009 on November 18 and then exploded to the ceiling (24H high) at $0.0092; the price range for that day was between $0.009 and $0.009. $0.009 was the bottom of price action for the week, though the price went to the high extreme at $0.01 over the same time period. The price action on the weekly time frame made Shrooms within the 9% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.001.
The past 7 days were marked by a change in average daily trading volume from $0.006 on November 12 to $0.003 on November 18. In order to have a better grasp of the SHRM market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $0.002 to $0.37. The average trading volume of the asset fluctuated by 0% by comparison with the previous period, whereas the price change of 9% took place over the same period of time.
SHRM 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. Shrooms market capitalization from the week before experienced no change, as a result there were no price fluctuations.