Sovryn(sov)market reviews and price predictions
Sovryn market statement for 2023-03-23
Yesterday the price of sov stood at $1.01. The market capitalization of the asset was $23 919 463. Sovryn’s volatility was established at 2.88%. The trading volume of the coin reached $562 304.
Sovryn prognosis for the next days:
We estimate the price of Sovryn to be $0.9 tomorrow 2023-03-27 and $0.82 on 2023-04-02;
We estimate the market capitalization of Sovryn to reach $20 160 526 tomorrow 2023-03-27 and $22 340 230 on 2023-03-29;
We estimate the volatility of Sovryn to become 9.16% tomorrow 2023-03-27 and 6.54% on 2023-03-29;
We estimate the trading volume of Sovryn to amount to $430 129 tomorrow 2023-03-27 and $509 040 on 2023-03-29.
Our recommendation for the pair SOV/USD for tomorrow, 2023-03-27, to sell.
Market analysis March 17 - March 23 : Sovryn posts a 26% rally.
The upward movement of the Sovryn price last week indicates the chosen market is bullish. The situation on the SOV market shows that the underlying asset is currently experiencing a period of medium volatility. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of increased trading volume.
The market crumbled last week (March 3 - March 9) as Sovryn lost 14%.
The price of Sovryn was falling last from March 3 until March 9, giving enough reason to conclude that the market is. The volatility associated with the SOV market was medium, as were its price fluctuations. The asset saw its market capitalization falling over the reviewed period together with its price. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The March 1 - 7 market report: Sovryn plunges by 14% as sellers apply more pressure.
The price of Sovryn was falling last from March 1 until March 7, giving enough reason to conclude that the market is. The price swings of SOV pointed to the presence of medium volatility. The price action on the coin's market translated to the growth of market capitalization. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
A 49% price appreciation seen on the Sovryn market between February 24 and March 2.
The bullish behavior of Sovryn last week was characterized by the occurrence of upswings. The price swings of SOV pointed to the presence of high volatility. The price action on the coin's market translated to the growth of market capitalization. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
The bulls muster more strength as Sovryn rises by 20% from February 22 to February 28.
The price of Sovryn was rising last from February 22 until February 28, giving enough reason to conclude that the market is bullish. The volatility of SOV has been high throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been decreasing in concert with the price of the coin. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
A 42% price appreciation seen on the Sovryn market between February 13 and February 19.
The upward movement of the Sovryn price last week indicates the chosen market is bullish. The volatility associated with the SOV market was medium, as were its price fluctuations. There has been a rise in the market capitalization of the asset during the period under review. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
Bearish price action on February 7 to February 13 resulted in Sovryn by 8%.
The bullish behavior of Sovryn last week was characterized by the occurrence of downswings. The price swings of SOV pointed to the presence of medium volatility. There has been a rise in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
The bulls muster more strength as Sovryn rises by 18% from February 3 to February 9.
The upward movement of the Sovryn price last week indicates the chosen market is bullish. The situation on the SOV market shows that the underlying asset is currently experiencing a period of medium volatility. 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.
Sovryn market outlook from February 2 - February 8 :the price surges by 28%.
The analysis of last week’s price action shows that the Sovryn market is in the bullish phase since the price has been moving upward. SOV has been going through a period of medium volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The price action of the crypto coin from last week stemmed from the increasing trading volume.
The bullish pressure subsides between January 27 and February 2 as Sovryn gains only 5%.
Between January 27 - February 2, Sovryn has been mostly bullish as its price has been in the rising mode. The price swings of SOV pointed to the presence of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.