November 10 - November 16 market watch: Unipilot goes up by 39% as buying pressure persists.
The upward movement of the Unipilot price last week indicates the chosen market is bullish. PILOT has been going through a period of high 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 trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The volatility of Unipilot was at 27.97% on average, which caused noticeable price fluctuations. The peak of the asset's volatility fell on November 10 after it went all the way to 27.97%. The quietest period on the coin's market happened on November 16 as the volatility failed to surpass the 1.37% mark. The present volatility of 27.97% is indicative of unstable market conditions.
The losses of PILOT after the weekly open on November 10 amounted to 4%. The market sentiment on November 11 stayed bearish as the coin obtained another 3%. Unipilot posted the interim low at $0.68 on November 12 and then moved up by 28% and peaked at $0.89. The next trading session was characterized by more bullish price action (as PILOT made a 3% move) on the back of the consistent trading volume. November 14 kicked off with Unipilot trading opening at $0.86 and then closing the session at $0.89, establishing the 24H low at $0.82 and 24H high at $0.92 in the process. The activity on the crypto coin's market on November 15 resulted in the asset being traded between $0.91, the open of the day, and $0.94, the close of the day; at some point, the price spiked to the daily high at $0.97 and briefly dropped to the daily low at $0.89. The coin found the deepest trough (24H low) at $0.92 on November 16 and then exploded to the ceiling (24H high) at $0.99; the price range for that day was between $0.94 and $0.99. The price action on the asset's market during the period between November 10 and November 16 topped at $0.99, while the bottom of the price range was established at $0.59. The price action on the weekly time frame made Unipilot within the 39% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.28.
The trading activity on the Unipilot market over the past week - November 10 to November 16 - generated the average trading volume that went from $136 923 to $186 052. During the week before November 10, the trading volume of PILOT flowed from $94 313 to $606 081. The 29% trading volume fluctuation between November 10 and November 16, as compared with the previous period, served as a basis for a 39% price move.
The change in the total market capitalization of Unipilot from November 10 to November 16 was as follows: on November 10, the capitalization was at $763 599, while on November 16, it reached the level of $1 109 127. The rate of percentage change for the last week for PILOT was 45%. As a consequence of the 45% fluctuation in its market capitalization, the price of the coin changed by 39%. In the preceding week, November 3 - November 9, the market capitalization of Unipilot got a 61% adjustment ($741 325 to $1 193 594) in comparison to a 45% change last week; this allows getting a deeper insight into the market structure.