XDC Network lost 6% in the period November 19 - November 25 as a result of selling pressure.
Between November 19 - November 25, XDC Network has been mostly bearish as its price has been in the falling mode. The situation on the XDC market shows that the underlying asset is currently experiencing a period of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
While the volatility remains restrained, XDC Network isn't making any explosive moves. During the reviewed period, the volatility of XDC was in the middle register, averaging at 5%. The most significant volatility occurred on November 19 and reached 6.95%. The asset's volatility was at its lowest on November 23 when it dropped to 0.52%. The crypto coin's market didn't put up any surprises due to mild average volatility of 5%.
On November 19, the first trading session of the reviewed time period, the market participants saw XDC moving up by 2%. November 20 saw the coin going another 2% since the open, supported by the corresponding trading volume. The bears dominated the price action during the following trading period as the price drifted 7% to the downside, having established the low for the reviewed time frame at $0.023, while the high was recorded at $0.025. The next trading session was characterized by more price action (as XDC made a 4% move) on the back of the consistent trading volume. November 23 kicked off with XDC Network trading opening at $0.02 and then closing the session at $0.02, establishing the 24H low at $0.024 and 24H high at $0.024 in the process. The activity on the crypto coin's market on November 24 resulted in the asset being traded between $0.02, the open of the day, and $0.02, the close of the day; at some point, the price spiked to the daily high at $0.0247 and briefly dropped to the daily low at $0.0241. Between the 24H high at $0.025 and the 24H low at $0.024, the coin was traded in the $0.02 - $0.02 price corridor. $0.023 was the bottom of price action for the week, though the price went to the high extreme at $0.026 over the same time period. Traders saw XDC Network covering the $0.002 distance between the weekly low and the weekly high, which constituted for a 6% move.
In the period November 19 - November 25, the trading volume of XDC Network went from $2 628 986 on the first day of the reviewed period to $3 131 804 on the closing day. A more comprehensive analysis of XDC price action requires the comparison of the trading volume between November 19 and November 25 with that from the preceding week that demonstrated how the trading volume fluctuated between $2 428 362 and $3 819 525. The average trading volume of the asset fluctuated by 9% by comparison with the previous period, whereas the price change of 6% took place over the same period of time.
The change in the total market capitalization of XDC Network from November 19 to November 25 was as follows: on November 19, the capitalization was at $345 018 970, while on November 25, it reached the level of $337 602 148. The percentage change in the total market capitalization of XDC amounted to 2%. While the market capitalization of the coin was altered by 2%, its price has made a 6% change. XDC Network ’s market capitalization from the week before changed by 4%, as the result of fluctuation between $360 550 083 and $345 018 970, to give a clearer vision of the current state of the market.