A 25% drop on the Crypto Raiders market last week (February 17 - February 23) signals that the sellers are gaining strength.
The downward movement of the Crypto Raiders price last week indicates the chosen market is bearish. RAIDER 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. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The price action of Crypto Raiders has been contained due to modest volatility. Our comprehensive data indicates that the price change of RAIDER has been moderate on the back of the average volatility of 17% for the given time period. The highest point of the coin's volatility reached 19.53% in the analyzed time frame. The asset saw its volatility drop to the lowest level for the given period on February 21 as it shrank to 0.27%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
On February 17, the first trading session of the reviewed time period, the market participants saw RAIDER moving down by 1%. On February 18 the coin market stayed neutral, with no changes in the price. The bulls dominated the price action during the following trading period as the price drifted 1% to the upside, having established the low for the reviewed time frame at $0.09, while the high was recorded at $0.093. The next trading session was characterized by more price action (as RAIDER made a 2% move) on the back of the consistent trading volume. The price range of Crypto Raiders on February 21 formed between $0.09 and $0.09, whereas the daily price extremities were $0.09 and $0.09. The crypto coin opened the trading session on February 22 at $0.08 and finalized it at $0.07; the highest point of price action was at $0.09, the lowest was detected at $0.07. As for the occurrences on February 23, the price of the coin bottomed at $0.07 and peaked at $0.07, while its daily range formed between $0.07 and $0.07. $0.07 was the bottom of price action for the week, though the price went to the high extreme at $0.1 over the same time period. Crypto Raiders bounced 25% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.02.
The trading activity on the Crypto Raiders market over the past week - February 17 to February 23 - generated the average trading volume that went from $48 191 to $102 105. Over the week that came before the analyzed time span, the average trading volume of RAIDER ranged between $40 459 and $97 394. The 15% trading volume fluctuation between February 17 and February 23, as compared with the previous period, served as a basis for a 25% price move.
The total capitalization of Bitcoin at the start of the analyzed time period (February 17) amounted to $1 946 935; by the end of that period (February 23), the capitalization went to $1 580 957. The rate of percentage change for the last week for RAIDER was 19%. The said 19% percentage change in market capitalization of the coin was accompanied by the 25% fluctuation in the price of the underlying asset. The comparison with the Crypto Raiders market capitalization seen during the time period February 10 - February 16 that occurred before the observed one, which changed by 23%, from $1 575 972 to $1 931 367, allows us to get a clearer understanding of current market conditions.