ARC Governance analysis September 14 - September 20 : bears in all-out attack as the price collapses by 20%.
The downward movement of the ARC Governance price last week indicates the chosen market is bearish. The situation on the ARCX market shows that the underlying asset is currently experiencing a period of medium volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The volatility has been suppressed, as the ARC Governance price action suggests. Given that the average volatility on the ARCX market didn't exceed 8%, the price action remained limited. The volatility of the coin reached its highest point at 8.42% during the observed period. The price of the asset had fluctuated the least on September 18, when the volatility plummeted to 0.25%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
While the overall situation on the ARC Governance market was bearish, the trading session on September 14 kicked off at the $0.07 price level. The losses of ARCX after the weekly open on September 14 amounted to 7%. The coin market was down by 9% on September 15, the second day of the reviewed time period. During the next trading day, the rate of change in the price of ARC Governance stood at 5% having reached the low at $0.062 and the high at $0.065 as the advantage remained on the side of sellers. On September 17, the value of ARCX was in the range, with the market remaining flat. ARC Governance finalized the trading day of September 18 at $0.06 after opening it at $0.06, though the price broke through that corridor to hit the 24H high at $0.06 and the 24H low at $0.06. The crypto coin opened the trading session on September 19 at $0.06 and finalized it at $0.06; the highest point of price action was at $0.06, the lowest was detected at $0.06. Between the 24H high at $0.06 and the 24H low at $0.06, the coin was traded in the $0.06 - $0.06 price corridor. $0.06 was the bottom of price action for the week, though the price went to the high extreme at $0.08 over the same time period. The difference between the lowest and the highest price points for the week was 20%, as the price moved in the $0.01 wide corridor.
The trading activity on the ARC Governance market over the past week - September 14 to September 20 - generated the average trading volume that went from $5 618 to $1 112. 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 $329 and $10 284. The 43% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 20%.
The change in the total market capitalization of ARC Governance from September 14 to September 20 was as follows: on September 14, the capitalization was at $2 688 446, while on September 20, it reached the level of $2 237 238. The rate of percentage change for the last week for ARCX was 17%. While the market capitalization of the coin was altered by 17%, its price has made a 20% change. In the preceding week, September 7 - September 13, the market capitalization of ARC Governance got a 9% adjustment ($2 863 287 to $3 121 688) in comparison to a 17% change last week; this allows getting a deeper insight into the market structure.