The September 2 - 8 market report: ARC Governance plunges by 12% as sellers apply more pressure.

The downward movement of the ARC Governance price last week indicates the chosen market is. The situation on the ARCX 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 crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

The situation on the ARC Governance market allows us to characterise its volatility as mild. The average volatility of 8% was the reason why the price of ARCX didn't put up any significant gains. The most significant volatility occurred on September 2 and reached 8.97%. The asset saw its volatility drop to the lowest level for the given period on September 6 as it shrank to 0.02%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

The trading session on September 2 started with ARC Governance opening at $0.11 on the backdrop of neutral sentiment throughout the market. The price action of the coin remained on September 3 as the pushed the price down by 5%. The bears dominated the price action during the following trading period as the price drifted 2% to the downside, having established the low for the reviewed time frame at $0.08, while the high was recorded at $0.08. The next trading session was characterized by more price action (as ARCX made a 1% move) on the back of the consistent trading volume. After the open at $0.08, ARC Governance moved during September 6 in the range between the said open and the close at $0.08, having posted the 24H low at $0.08 and the 24H high at $0.08. The trading period on September 7 saw the crypto coin forming the price amplitude between the open at $0.08 and the close at $0.08, also interacting with $0.075 (24H low) and $0.075 (24H high). Between the 24H high at $0.08 and the 24H low at $0.08, the coin was traded in the $0.08 - $0.08 price corridor. During the reviewed time period, the asset was able to achieve the weekly high at $0.11, though at a certain point, the bear pressurized the price down to the weekly low at $0.07. The price action on the weekly time frame made ARC Governance within the 12% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.01.

The trading activity on the ARC Governance market over the past week - September 2 to September 8 - generated the average trading volume that went from $7 565 to $2 226. A more comprehensive analysis of ARCX price action requires the comparison of the trading volume between September 2 and September 8 with that from the preceding week that demonstrated how the trading volume fluctuated between $149 and $21 641. The average trading volume of the asset fluctuated by 38% by comparison with the previous period, whereas the price change of 12% took place over the same period of time.

ARC Governance had its total market capitalization change from $3 214 473 on September 2 to $3 062 124 on September 8, the end of the examined time frame. ARCX experienced a 5% change in total market capitalization throughout the past seven days. The said 5% percentage change in market capitalization of the coin was accompanied by the 12% fluctuation in the price of the underlying asset. In the preceding week, August 26 - September 1, the market capitalization of ARC Governance got a 21% adjustment ($3 695 041 to $2 905 869) in comparison to a 5% change last week; this allows getting a deeper insight into the market structure.

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Article date: September 8 | September 2 - 8

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