The market crumbled last week (February 19 - February 25) as Crypto Raiders lost 46%.
The downward movement of the Crypto Raiders price last week indicates the chosen market is bearish. The situation on the RAIDER market shows that the underlying asset is currently experiencing a period of high volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
According to our calculations, Crypto Raiders experiences larger than usual price fluctuations, which translates to the average volatility percentage of 23.16% during the period under review. The asset was the most volatile on February 19 when the registered volatility shot up to 23.16%. The quietest period on the coin's market happened on February 25 as the volatility failed to surpass the 0.37% mark. When the volatility goes as high as 23.16%, the RAIDER market tends to be erratic and hard to predict.
While the overall situation on the Crypto Raiders market was bearish, the trading session on February 19 kicked off at the $0.09 price level. The gains of RAIDER after the weekly open on February 19 amounted to 1%. The market sentiment on February 20 stayed as the coin obtained another 2%. The bears dominated the price action during the following trading period as the price drifted 7% to the downside, having established the low for the reviewed time frame at $0.09, while the high was recorded at $0.09. RAIDER ’s performance during February 22 was the following: the price declined by 19% in conjunction with the acceptable trading volume. The price range of Crypto Raiders on February 23 formed between $0.07 and $0.07, whereas the daily price extremities were $0.07 and $0.07. While the 24H high and low on February 24 were at $0.07 and $0.07, respectively, the crypto coin had been traded in the area between the open at $0.07 and the close at $0.07. On the last day of the reviewed period, the coin was locked between $0.07 and $0.05, though the price managed to puncture these levels to reach the 24H high at $0.07 and the 24H low at $0.05. During the reviewed time period, the asset was able to achieve the weekly high at $0.09, though at a certain point, the bear pressurized the price down to the weekly low at $0.05. The price action on the weekly time frame made Crypto Raiders within the 46% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.04.
Crypto Raiders ’s average trading volume on the opening day of the observed time period, February 19, stood at $38 044, while on the closing day of the same period, it moved to $17 886. In order to have a better grasp of the RAIDER 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 $40 459 to $97 394. Percentage-wise, the trading volume of the asset changed by 29%, in comparison to the previous period, while its price experienced a 46% adjustment.
The change in the total market capitalization of Crypto Raiders from February 19 to February 25 was as follows: on February 19, the capitalization was at $2 034 864, while on February 25, it reached the level of $1 470 356. The rate of percentage change for the last week for RAIDER was 28%. As a consequence of the 28% fluctuation in its market capitalization, the price of the coin changed by 46%. During the week before the analyzed time frame, the market capitalization of Crypto Raiders moved by 10% as it went from $1 860 722 to $2 046 926, and gave a better understanding of the general direction in which this market is flowing.