Market analysis September 4 - September 10 : ARC Governance posts a 13% rally.

The upward movement of the ARC Governance price last week indicates the chosen market is bullish. ARCX was caught in a period of medium volatility, which was reflected in its price action. There has been a rise in the market capitalization of the asset during the period under review. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

The price action of ARC Governance has been contained due to modest volatility. Our comprehensive data indicates that the price change of ARCX has been moderate on the back of the average volatility of 13% for the given time period. The volatility of the coin reached its highest point at 15.53% during the observed period. The asset saw its volatility drop to the lowest level for the given period on September 8 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 price of ARCX took a 2% down downswing at the open of the weekly trading period. The coin market was down by 1% on September 5, the second day of the reviewed time period. On September 6, the market was moving to the downside as ARC Governance went 3% down from the low at $0.08 to the high at $0.08. Over the next trading period (on September 7), ARCX was moving up by 1% on the back of a congruous trading volume. After the open at $0.08, ARC Governance moved during September 8 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. On September 9, the crypto coin showcased the following price fluctuations: the trading session began at $0.08 and then traveled from the low of the day at $0.08 to the high of the day at $0.09, closing at $0.09. On the last day of the reviewed period, the coin was locked between $0.09 and $0.09, though the price managed to puncture these levels to reach the 24H high at $0.09 and the 24H low at $0.09. The highest point of the price action over the week was at $0.09 - the weekly low during the same period was established at $0.07. Traders saw ARC Governance covering the $0.01 distance between the weekly low and the weekly high, which constituted for a 13% move.

The trading activity on the ARC Governance market over the past week - September 4 to September 10 - generated the average trading volume that went from $12 087 to $10 284. In order to have a better grasp of the ARCX market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $149 to $21 641. The 19% trading volume fluctuation between September 4 and September 10, as compared with the previous period, served as a basis for a 13% price move.

The change in the total market capitalization of ARC Governance from September 4 to September 10 was as follows: on September 4, the capitalization was at $2 983 935, while on September 10, it reached the level of $3 244 347. The percentage change in the total market capitalization of ARCX amounted to 9%. While the market capitalization of the coin was altered by 9%, its price has made a 13% change. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $2 713 236 on August 28 and $3 239 440 on September 3, which translates to a 19% change.

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Article date: September 10 | September 4 - 10

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