Red clouds gathered above the Solcubator market last week (November 14 - November 20) as the price went down by 9%.
The analysis of last week’s price action shows that the Solcubator market is in the bearish phase since the price has been moving downward. The volatility of SOLC has been medium throughout the reviewed period in correspondence with the price action. 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 price action of Solcubator has been contained due to modest volatility. We established that SOLC didn't showcase any significant price action due to the market's mild average volatility of 16%. The volatility of the coin reached its highest point at 14.55% during the observed period. The asset saw its volatility drop to the lowest level for the given period on November 18 as it shrank to 0%. Since the volatility of 16% can be deemed as mild, the crypto coin's market can be characterised as composed.
There were no gains or losses to the SOLC market on November 14, it remained flat. The 2% move in the upward direction took place on the second day after the weekly open. The cautious traders dominated the price action on November 16, with the Solcubator market remaining flat. On November 17, the value of SOLC was in the range, with the market remaining flat. On November 18, Solcubator finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on November 19. The coin found the deepest trough (24H low) at $0.000043 on November 20 and then exploded to the ceiling (24H high) at $0.000049; the price range for that day was between $0.00004 and $0.00005. The price action on the asset's market during the period between November 14 and November 20 topped at $0.00006, while the bottom of the price range was established at $0.00004. Traders saw Solcubator covering the $0.000005 distance between the weekly low and the weekly high, which constituted for a 9% move.
As for the average trading volume in the time slot between November 14 and November 20, the Solcubator market registered the change from $0.34 to $0.11. We can draw the comparison with the period of 7 days that preceded the reviewed one when SOLC ’s trading volume varied from $1.35 to $178. The average trading volume of the asset fluctuated by 89% by comparison with the previous period, whereas the price change of 9% took place over the same period of time.
SOLC 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. Solcubator market capitalization from the week before experienced no change, as a result there were no price fluctuations.