SwissBorg slid down by 4% last week (November 17 - November 23) as the sellers pushed back.
SwissBorg has been last week as its price has been predominantly falling. The situation on the CHSB market shows that the underlying asset is currently experiencing a period of low volatility. The price action on the coin's market translated to the decline of market capitalization. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
According to our market analysis, the weak price movement of SwissBorg was dictated by low volatility. The average volatility of CHSB was capped at 0.04%, leading to weak fluctuations in the price of SwissBorg. Despite the overall weak performance, the volatility of the coin had its highest point at 3.73%. The weakest volatility level of 0.04% on the asset's market was registered on November 22. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.
The losses of CHSB after the weekly open on November 17 amounted to 2%. The 4% move in the upward direction took place on the second day after the weekly open. During the next trading day, the rate of change in the price of SwissBorg stood at 2% having reached the low at $0.22 and the high at $0.23 as the advantage remained on the side of sellers. The trading volume on November 20 rendered support to the 4% bearish move of CHSB. SwissBorg finalized the trading day of November 21 at $0.21 after opening it at $0.21, though the price broke through that corridor to hit the 24H high at $0.21 and the 24H low at $0.21. While the 24H high and low on November 22 were at $0.22 and $0.21, respectively, the crypto coin had been traded in the area between the open at $0.22 and the close at $0.21. The coin's market saw no changes on November 23, as the market flatlined. The highest point of the price action over the week was at $0.23 - the weekly low during the same period was established at $0.21. The price action on the weekly time frame made SwissBorg within the 4% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.008.
The trading activity on the SwissBorg market over the past week - November 17 to November 23 - generated the average trading volume that went from $330 625 to $419 737. In order to have a better grasp of the CHSB 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 $469 047 to $1 623 893. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 66%, and the 4% price shift.
The total market capitalization of SwissBorg during the past 7-day oscillated between $213 375 752, the starting point that was established on November 17, and $201 394 570 on November 23, the end date of the reviewed period. 6% was the calculated percentage change for the CHSB market over the past week. The 6% change in the coin's market capitalization affected the price rate that saw a 4% shift in the same time period. SwissBorg ’s market capitalization from the week before changed by 7%, as the result of fluctuation between $207 569 809 and $213 375 752, to give a clearer vision of the current state of the market.