Ycash(yec)market reviews and price predictions
Ycash market statement for 2023-05-31
Yesterday the price of yec stood at $0.06. The market capitalization of the asset was $854 439. Ycash’s volatility was established at 0.36%. The trading volume of the coin reached $243.
Ycash prognosis for the next days:
We estimate the price of Ycash to be $0.06 tomorrow 2023-06-03 and $0.07 on 2023-06-09;
We estimate the market capitalization of Ycash to reach $959 932 tomorrow 2023-06-03 and $958 051 on 2023-06-05;
We estimate the volatility of Ycash to become 6.77% tomorrow 2023-06-03 and 5.65% on 2023-06-05;
We estimate the trading volume of Ycash to amount to $398 tomorrow 2023-06-03 and $402 on 2023-06-05.
Our recommendation for the pair YEC/USD for tomorrow, 2023-06-03, to hold.
The bullish pressure subsides between May 25 and May 31 as Ycash gains only 3%.
The analysis of last week’s price action shows that the Ycash market is in the bearish phase since the price has been moving upward. The volatility of YEC has been medium throughout the reviewed period in correspondence with the price action. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of decreased trading volume.
Down by 4% : The Ycash market saw some bearish action last week (May 24 - May 30).
The downward movement of the Ycash price last week indicates the chosen market is bearish. YEC was caught in a period of medium volatility, which was reflected in its price action. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of increased trading volume.
A 6% price increase last week (May 23 - May 29) confirms the bullishness of Ycash.
Ycash has been last week as its price has been predominantly rising. YEC was caught in a period of medium volatility, which was reflected in its price action. The market capitalization of the asset has been decreasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The bullish pressure subsides between May 22 and May 28 as Ycash gains only 3%.
The price of Ycash was rising last from May 22 until May 28, giving enough reason to conclude that the market is. The volatility of YEC has been high throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been increasing in concert with the price of the coin. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Red clouds gathered above the Ycash market last week (May 19 - May 25) as the price went down by 7%.
Ycash has been bearish last week as its price has been predominantly falling. YEC was caught in a period of high volatility, which was reflected in its price action. There has been a fall in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Ycash lost 7% in the period May 19 - May 25 as a result of selling pressure.
Between May 19 - May 25, Ycash has been mostly bearish as its price has been in the falling mode. The volatility associated with the YEC market was high, as were its price fluctuations. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin last week took place on the back of decreased trading volume.
Bearish response: The Ycash price melts by 1% between May 16 and May 22.
Ycash has been bearish last week as its price has been predominantly falling. The situation on the YEC market shows that the underlying asset is currently experiencing a period of high volatility. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
A 12% drop on the Ycash market last week (May 11 - May 17) signals that the sellers are gaining strength.
The downward movement of the Ycash price last week indicates the chosen market is bearish. The volatility of YEC has been medium throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization falling over the reviewed period together with its price. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
Ycash retraces by 3% in the period May 10 - May 16 as the market turns slightly bearish.
Ycash has been bearish last week as its price has been predominantly falling. YEC was caught in a period of medium volatility, which was reflected in its price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The market crumbled last week (May 7 - May 13) as Ycash lost 12%.
The downward movement of the Ycash price last week indicates the chosen market is bearish. The situation on the YEC market shows that the underlying asset is currently experiencing a period of medium volatility. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin from last week stemmed from the decreasing trading volume.