The bulls muster more strength as Unipilot rises by 40% from November 16 to November 22.
Unipilot has been bullish last week as its price has been predominantly rising. The volatility associated with the PILOT market was high, 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.
During the reported period, Unipilot has been swinging for the fences, which resulted in an average volatility of 26.5% for the given period. The peak of the asset's volatility fell on November 16 after it went all the way to 26.5%. The coin's market was the least volatile on November 22 when this particular metric didn’t exceed 1.74%. The present volatility of 26.5% is indicative of unstable market conditions.
On November 16, the Unipilot market opened at $0.94, preceded by a period of bullish action. On November 16, the first trading session of the reviewed time period, the market participants saw PILOT moving up by 5%. November 17 saw the coin going another 16% since the open, supported by the corresponding trading volume. The price range of Unipilot formed between $1.14 and $1.18 on November 18 as the price traveled 1% up. The next trading session was characterized by more bullish price action (as PILOT made a 26% move) on the back of the consistent trading volume. The developments on the Unipilot market on November 20 started with the price opening at $1.44 and subsequently moving to $1.43, the close of the day, while dropping to the 24H low at $1.41 and spiking to the 24H high at $1.41. The price action on November 21 saw the crypto coin moving along the following route: starting point at $1.43 and closing point at $1.28, while it also deviated to establish the high of the day at $1.43 and the low of the day at $1.28. As for the occurrences on November 22, the price of the coin bottomed at $1.14 and peaked at $1.38, while its daily range formed between $1.18 and $1.38. The price action on the asset's market during the period between November 16 and November 22 topped at $1.5, while the bottom of the price range was established at $0.92. As a result of price action within the designated time period, the price movement range on the Unipilot market was established at $0.39 or 40% between the weekly low and the weekly high.
The past 7 days were marked by a change in average daily trading volume from $186 052 on November 16 to $680 955 on November 22. We can draw the comparison with the period of 7 days that preceded the reviewed one when PILOT ’s trading volume varied from $131 054 to $297 525. Percentage-wise, the trading volume of the asset changed by 218%, in comparison to the previous period, while its price experienced a 40% adjustment.
Bitcoin began the observed period November 16 - November 22, with the market capitalization of $1 109 127 and finalized it at the market capitalization level of $1 462 964. The percentage change in the total market capitalization of PILOT amounted to 32%. The said 32% percentage change in market capitalization of the coin was accompanied by the 40% fluctuation in the price of the underlying asset. A better understanding of the lay of the land on the Unipilot market requires a comparison with the preceding week when the total market capitalization of Unipilot changed by 10% as it went from $1 193 594 to $1 109 127.