February 26 - March 4 price action review: Crypto Raiders goes down by 7%.

Crypto Raiders has been bearish last week as its price has been predominantly falling. RAIDER has been going through a period of low volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

Crypto Raiders is experiencing low volatility, as confirmed by our comprehensive analysis. The data derived from our credible sources shows that the average volatility of RAIDER didn't exceed 0.31%, which is indicative of weak price action. In the period between February 26 and March 4, the volatility of the coin peaked at 0.31%. The calmest period on the asset's market was registered on March 3, when the volatility failed to exceed 0.31%. The volatility of 0.31% is too low for the crypto coin to engage in any attention-worthy price action.

The opening price of Crypto Raiders was at $0.05 on February 26, with sellers having a more visible presence on the market. There were no gains or losses to the RAIDER market on February 26, it remained flat. The coin market was down by 4% on February 27, the second day of the reviewed time period. The price range of Crypto Raiders formed between $0.048 and $0.049 on February 28 as the price traveled 1% down. The trading volume on March 1 rendered support to the 5% bullish move of RAIDER. The price oscillation of Crypto Raiders on March 2 was in the $0.05 - $0.05 range; at the same time, the price stretched out to reach the 24H low at $0.048 and the 24H high at $0.05. The price action on March 3 saw the crypto coin moving along the following route: starting point at $0.05 and closing point at $0.05, while it also deviated to establish the high of the day at $0.049 and the low of the day at $0.046. The coin found the deepest trough (24H low) at $0.046 on March 4 and then exploded to the ceiling (24H high) at $0.047; the price range for that day was between $0.05 and $0.05. The highest point of the price action over the week was at $0.05 - 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 7%, as the price moved in the $0.003 wide corridor.

The past 7 days were marked by a change in average daily trading volume from $110 428 on February 26 to $13 656 on March 4. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the RAIDER market had its volume ranging between $15 996 and $102 105. The 28% 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 7%.

The total capitalization of Bitcoin at the start of the analyzed time period (February 26) amounted to $1 126 814; by the end of that period (March 4), the capitalization went to $1 080 217. The percentage change in the total market capitalization of RAIDER amounted to 4%. The 4% change in the coin's market capitalization affected the price rate that saw a 7% shift in the same time period. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $2 034 864 on February 19 and $1 470 356 on February 25, which translates to a 28% change.

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Article date: March 4 | February 26 - March 4

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