November 12 - November 18 price action recap: Uniswap sees a weak 4% gain as the buyers take a step back.
The analysis of last week’s price action shows that the Uniswap market is in the bearish phase since the price has been moving upward. The situation on the UNI market shows that the underlying asset is currently experiencing a period of medium volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The volatility has been suppressed, as the Uniswap price action suggests. The average volatility of 7% was the reason why the price of UNI didn't put up any significant gains. The highest point of the coin's volatility reached 9.25% in the analyzed time frame. The asset has been the least volatile on November 16; at this time, the volatility stood at 0%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
On November 12, the first trading session of the reviewed time period, the market participants saw UNI moving down by 9%. The price action of the coin remained on November 13 as the pushed the price up by 4%. During the following trading period on November 14, the price of Uniswap oscillated between the low at $5.45 and the high at $6.01, while the price moved up by 2%. The UNI market was up as the price shifted by 5% on November 15, against the backdrop of the sufficient trading volume. The price oscillation of Uniswap on November 16 was in the $6.32 - $5.96 range; at the same time, the price stretched out to reach the 24H low at $5.92 and the 24H high at $6.38. The trading period on November 17 saw the crypto coin forming the price amplitude between the open at $5.95 and the close at $5.8, also interacting with $5.71 (24H low) and $5.71 (24H high). The coin's market saw no changes on November 18, as the market flatlined. The highest point of the price action over the week was at $6.42 - the weekly low during the same period was established at $5.38. As a result of price action within the designated time period, the price movement range on the Uniswap market was established at $0.21 or 4% between the weekly low and the weekly high.
As for the average trading volume in the time slot between November 12 and November 18, the Uniswap market registered the change from $264 148 816 to $85 678 707. During the week before November 12, the trading volume of UNI flowed from $172 696 408 to $387 410 178. The asset demonstrated an 32% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 4%.
The total market capitalization of Uniswap during the past 7-day oscillated between $4 535 346 870, the starting point that was established on November 12, and $4 334 500 341 on November 18, the end date of the reviewed period. UNI experienced a 4% change in total market capitalization throughout the past seven days. The said 4% percentage change in market capitalization of the coin was accompanied by the 4% fluctuation in the price of the underlying asset. The comparison with the Uniswap market capitalization seen during the time period November 5 - November 11 that occurred before the observed one, which changed by 24%, from $5 672 097 329 to $4 335 997 316, allows us to get a clearer understanding of current market conditions.