The market crumbled last week (September 12 - September 18) as ARC Governance lost 32%.
The downward movement of the ARC Governance price last week indicates the chosen market is. The volatility of ARCX has been medium throughout the reviewed period in correspondence with the price action. 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, ARC Governance isn't making any explosive moves. Given that the average volatility on the ARCX market didn't exceed 11%, the price action remained limited. The volatility of the coin reached its highest point at 14.27% during the observed period. 0.25% was the rock bottom for the asset's volatility that was reached on September 16. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 11%.
The price of ARCX took a 5% down downswing at the open of the weekly trading period. On September 13, the price of the coin has shifted by 14% from the daily open on the back of a good trading volume. During the next trading day, the rate of change in the price of ARC Governance stood at 7% having reached the low at $0.07 and the high at $0.08 as the advantage remained on the side of sellers. On September 16, ARCX market moved by 9% in the bearish direction in concert with the trading volume. After the open at $0.07, ARC Governance moved during September 16 in the range between the said open and the close at $0.06, having posted the 24H low at $0.062 and the 24H high at $0.065. No changes were observed on the crypto coin's market on September 17. Most trading activity on September 18 occurred in the space between $0.06 and $0.06; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.06, though the bulls had also staged the rally to the 24H high at $0.06. Over the course of all trading sessions, the asset established the weekly low at $0.06 while buyers managed to push the price up to the weekly high at $0.09. Traders saw ARC Governance covering the $0.03 distance between the weekly low and the weekly high, which constituted for a 32% move.
Over the period of the last 7 days, September 12 to September 18, ARC Governance saw its average trading volume fluctuate between $329 and $64.13. 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 $557 to $10 284. The asset demonstrated an 31% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 32%.
The past week saw the market capitalization of ARC Governance making a shift from $3 321 784 on September 12 to $2 296 618 on September 18, the peak for the analyzed period. The rate of percentage change for the last week for ARCX was 31%. The price of the coin changed by 32% on the back of the 31% shift in its total market capitalization. During the week before the analyzed time frame, the market capitalization of ARC Governance moved by 13% as it went from $2 948 907 to $3 342 617, and gave a better understanding of the general direction in which this market is flowing.