The buyers controlled the ARC Governance market between September 6 and September 12 as the price grew by 10%.

The analysis of last week’s price action shows that the ARC Governance market is in the bullish phase since the price has been moving upward. The volatility associated with the ARCX market was medium, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The price action of the crypto coin last week took place on the back of increased trading volume.

The volatility has been suppressed, as the ARC Governance price action suggests. 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 largest volatility for the given period occurred on September 6 and amounted to 15.53%. The asset has been the least volatile on September 10; at this time, the volatility stood at 0.89%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.

While the overall situation on the ARC Governance market was bullish, the trading session on September 6 kicked off at the $0.08 price level. The price of ARCX took a 3% down downswing at the open of the weekly trading period. September 7 saw the coin going another 1% since the open, supported by the corresponding trading volume. On September 8, the market was moving to the downside as ARC Governance went 9% down from the low at $0.08 to the high at $0.08. Over the next trading period (on September 9), ARCX was moving up by 14% on the back of a congruous trading volume. The developments on the ARC Governance market on September 10 started with the price opening at $0.09 and subsequently moving to $0.09, the close of the day, while dropping to the 24H low at $0.09 and spiking to the 24H high at $0.09. The trading period on September 11 saw the crypto coin forming the price amplitude between the open at $0.09 and the close at $0.09, also interacting with $0.09 (24H low) and $0.09 (24H high). As for the occurrences on September 12, the price of the coin bottomed at $0.09 and peaked at $0.09, while its daily range formed between $0.09 and $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. The difference between the lowest and the highest price points for the week was 10%, as the price moved in the $0.008 wide corridor.

ARC Governance ’s average trading volume on the opening day of the observed time period, September 6, stood at $3 927, while on the closing day of the same period, it moved to $329. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the ARCX market had its volume ranging between $557 and $12 087. The average trading volume of the asset fluctuated by 28% by comparison with the previous period, whereas the price change of 10% took place over the same period of time.

ARC Governance had its total market capitalization change from $2 934 829 on September 6 to $3 321 784 on September 12, the end of the examined time frame. Percentage-wise, the market capitalization of ARCX has shifted by 13% in the past week. When compared to the price fluctuations during the observed period of time, the 13% market capitalization movement was accompanied by a 10% change in the price of the coin. A more precise analysis of the ARC Governance market also requires a comparison with the change in market capitalization from the week before, which amounted to 3% on the back of the move from $3 025 095 to $2 948 907.

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Article date: September 12 | September 6 - 12

Market reviews for similar coins for September 6 - 12