SwissBorg sees limited 4% gains between November 18 and November 24 as the market cools down.

The analysis of last week’s price action shows that the SwissBorg market is in the phase since the price has been moving upward. The volatility of CHSB has been medium throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization falling over the reviewed period together with its price. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

The situation on the SwissBorg market allows us to characterise its volatility as mild. The market analysis reveals that the mild average volatility of 9% restrained CHSB 's price swings. The largest volatility for the given period occurred on November 18 and amounted to 11.23%. The price of the asset had fluctuated the least on November 22, when the volatility plummeted to 0.04%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 9%.

The price of CHSB took a 4% up upswing at the open of the weekly trading period. The price action of the coin remained on November 19 as the pushed the price down by 2%. During the next trading day, the rate of change in the price of SwissBorg stood at 4% having reached the low at $0.21 and the high at $0.22 as the advantage remained on the side of sellers. The CHSB market was down as the price shifted by 3% on November 21, against the backdrop of the sufficient trading volume. SwissBorg finalized the trading day of November 22 at $0.21 after opening it at $0.22, though the price broke through that corridor to hit the 24H high at $0.22 and the 24H low at $0.21. No changes were observed on the crypto coin's market on November 23. As for the occurrences on November 24, the price of the coin bottomed at $0.21 and peaked at $0.23, while its daily range formed between $0.21 and $0.23. The price action on the asset's market during the period between November 18 and November 24 topped at $0.23, while the bottom of the price range was established at $0.21. As a result of price action within the designated time period, the price movement range on the SwissBorg market was established at $0.009 or 4% between the weekly low and the weekly high.

SwissBorg ’s average trading volume on the opening day of the observed time period, November 18, stood at $407 754, while on the closing day of the same period, it moved to $214 168. Over the week that came before the analyzed time span, the average trading volume of CHSB ranged between $330 625 and $1 623 893. The asset demonstrated an 62% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 4%.

The total capitalization of Bitcoin at the start of the analyzed time period (November 18) amounted to $214 128 757; by the end of that period (November 24), the capitalization went to $205 108 766. When translated to percentage rate, the market capitalization of CHSB over the past week adjusted by 4%. The said 4% percentage change in market capitalization of the coin was accompanied by the 4% fluctuation in the price of the underlying asset. A more precise analysis of the SwissBorg market also requires a comparison with the change in market capitalization from the week before, which amounted to 13% on the back of the move from $244 634 899 to $213 375 752.

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Article date: November 24 | November 18 - 24

Market reviews for similar coins for November 18 - 24