The capitulation of September 16 - September 22 : ARC Governance experienced a 16% dive.
Between September 16 - September 22, ARC Governance has been mostly bearish as its price has been in the falling mode. ARCX has been going through a period of medium volatility, which fell in line with the occurred price changes. There has been a fall in the market capitalization of the asset during the period under review. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The volatility has been suppressed, as the ARC Governance price action suggests. During the reviewed period, the volatility of ARCX was in the middle register, averaging at 7%. The highest point of the coin's volatility reached 8.23% in the analyzed time frame. 0.25% was the rock bottom for the asset's volatility that was reached on September 20. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
The trading session on September 16 started with ARC Governance opening at $0.07 on the backdrop of bearish sentiment throughout the market. On September 17 the coin market stayed neutral, with no changes in the price. The price range of ARC Governance formed between $0.06 and $0.06 on September 18 as the price traveled 7% down. Over the next trading period (on September 19), ARCX was moving up by 3% on the back of a congruous trading volume. ARC Governance finalized the trading day of September 20 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. On September 21, the crypto coin showcased the following price fluctuations: the trading session began at $0.06 and then traveled from the low of the day at $0.055 to the high of the day at $0.056, closing at $0.06. As for the occurrences on September 22, the price of the coin bottomed at $0.051 and peaked at $0.053, while its daily range formed between $0.05 and $0.05. Over the course of all trading sessions, the asset established the weekly low at $0.05 while buyers managed to push the price up to the weekly high at $0.07. The price action on the weekly time frame made ARC Governance within the 16% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.01.
As for the average trading volume in the time slot between September 16 and September 22, the ARC Governance market registered the change from $520 to $1 505. We can draw the comparison with the period of 7 days that preceded the reviewed one when ARCX ’s trading volume varied from $329 to $10 284. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 91%, and the 16% price shift.
ARC Governance had its total market capitalization change from $2 333 084 on September 16 to $1 870 563 on September 22, the end of the examined time frame. Percentage-wise, the market capitalization of ARCX has shifted by 20% in the past week. The 20% change in the coin's market capitalization affected the price rate that saw a 16% shift in the same time period. ARC Governance ’s market capitalization from the week before changed by 11%, as the result of fluctuation between $2 842 572 and $2 333 084, to give a clearer vision of the current state of the market.