Down by 4% : The The Everlasting Parachain market saw some bearish action last week (December 16 - December 22).

The analysis of last week’s price action shows that the The Everlasting Parachain market is in the bearish phase since the price has been moving downward. ELP has been going through a period of low volatility, which fell in line with the occurred price changes. 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 Everlasting Parachain is experiencing low volatility, as confirmed by our comprehensive analysis. Our data shows that the average volatility of ELP didn't exceed 0.23%, which is why its price remained constrained. The maximum volatility of the coin stood at 2.18% in the analyzed time frame. The calmest period on the asset's market was registered on December 21, when the volatility failed to exceed 0.23%. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.

The opening price of The Everlasting Parachain was at $0.02 on December 16, with sellers having a more visible presence on the market. During the opening day on December 16, ELP has had a 2% move to the downside. December 17 saw the coin going another 3% since the open, supported by the corresponding trading volume. The cautious traders dominated the price action on December 18, with the The Everlasting Parachain market remaining flat. On December 20, ELP market moved by 2% in the bearish direction in concert with the trading volume. The developments on the The Everlasting Parachain market on December 20 started with the price opening at $0.02 and subsequently moving to $0.02, the close of the day, while dropping to the 24H low at $0.023 and spiking to the 24H high at $0.023. The crypto coin opened the trading session on December 21 at $0.02 and finalized it at $0.02; the highest point of price action was at $0.023, the lowest was detected at $0.0226. The coin's market saw no changes on December 22, as the market flatlined. $0.022 was the bottom of price action for the week, though the price went to the high extreme at $0.024 over the same time period. The difference between the lowest and the highest price points for the week was 4%, as the price moved in the $0.001 wide corridor.

The Everlasting Parachain ’s average trading volume on the opening day of the observed time period, December 16, stood at $402, while on the closing day of the same period, it moved to $117. Over the week that came before the analyzed time span, the average trading volume of ELP ranged between $26.81 and $829. The 14% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 4%.

ELP 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. The Everlasting Parachain market capitalization from the week before experienced no change, as a result there were no price fluctuations.

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Article date: December 22 | December 16 - 22

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