A 43% drop on the Crypto Raiders market last week (February 21 - February 27) signals that the sellers are gaining strength.

The downward movement of the Crypto Raiders price last week indicates the chosen market is bearish. The volatility of RAIDER has been high throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization falling over the reviewed period together with its price. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

The considerable chops and changes in the price of Crypto Raiders resulted in average volatility of 23.16%. The volatility of the asset has reached the extreme after going as high as 23.16% - it happened on February 21. The quietest period on the coin's market happened on February 27 as the volatility failed to surpass the 0.31% mark. When the volatility goes as high as 23.16%, the RAIDER market tends to be erratic and hard to predict.

On February 21, the Crypto Raiders market opened at $0.09, preceded by a period of bearish action. During the opening day on February 21, RAIDER has had a 7% move to the downside. The 19% move in the downward direction took place on the second day after the weekly open. The bears dominated the price action during the following trading period as the price drifted 1% to the downside, having established the low for the reviewed time frame at $0.07, while the high was recorded at $0.07. The trading volume on February 24 rendered support to the 5% bearish move of RAIDER. Crypto Raiders finalized the trading day of February 25 at $0.05 after opening it at $0.07, though the price broke through that corridor to hit the 24H high at $0.07 and the 24H low at $0.05. No changes were observed on the crypto coin's market on February 26. As for the occurrences on February 27, the price of the coin bottomed at $0.05 and peaked at $0.05, while its daily range formed between $0.05 and $0.05. The highest point of the price action over the week was at $0.09 - the weekly low during the same period was established at $0.05. The difference between the lowest and the highest price points for the week was 43%, as the price moved in the $0.04 wide corridor.

The past 7 days were marked by a change in average daily trading volume from $21 054 on February 21 to $16 626 on February 27. A more comprehensive analysis of RAIDER price action requires the comparison of the trading volume between February 21 and February 27 with that from the preceding week that demonstrated how the trading volume fluctuated between $38 044 and $48 368. The 4% 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 43%.

Bitcoin began the observed period February 21 - February 27, with the market capitalization of $2 026 988 and finalized it at the market capitalization level of $1 189 659. RAIDER experienced a 41% change in total market capitalization throughout the past seven days. As a consequence of the 41% fluctuation in its market capitalization, the price of the coin changed by 43%. A more precise analysis of the Crypto Raiders market also requires a comparison with the change in market capitalization from the week before, which amounted to 17% on the back of the move from $1 760 546 to $2 062 961.

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Article date: February 27 | February 21 - 27

Market reviews for similar coins for February 21 - 27