Decimal analysis September 16 - September 22 : bears in all-out attack as the price collapses by 12%.
Between September 16 - September 22, Decimal has been mostly as its price has been in the falling mode. The volatility associated with the DEL market was medium, as were its price fluctuations. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin last week took place on the back of decreased trading volume.
Decimal has been moving reservedly on the backdrop of average volatility. We established that DEL didn't showcase any significant price action due to the market's mild average volatility of 10%. The most significant volatility occurred on September 16 and reached 11.65%. On September 20, the volatility of the asset was at its minimum at 0.9%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.
On September 16, the first trading session of the reviewed time period, the market participants saw DEL moving down by 1%. The price action of the coin remained bullish on September 17 as the bulls pushed the price up by 4%. During the following trading period on September 18, the price of Decimal oscillated between the low at $0.058 and the high at $0.06, while the price moved down by 1%. DEL ’s performance during September 19 was the following: the price increased by 4% in conjunction with the acceptable trading volume. The price range of Decimal on September 20 formed between $0.06 and $0.06, whereas the daily price extremities were $0.06 and $0.06. The activity on the crypto coin's market on September 21 resulted in the asset being traded between $0.06, the open of the day, and $0.05, the close of the day; at some point, the price spiked to the daily high at $0.06 and briefly dropped to the daily low at $0.05. On the last day of the reviewed period, the coin was locked between $0.05 and $0.05, though the price managed to puncture these levels to reach the 24H high at $0.05 and the 24H low at $0.05. The asset posted the weekly low at $0.05, while the top of the weekly trading session was registered at $0.06. As a result of price action within the designated time period, the price movement range on the Decimal market was established at $0.007 or 12% between the weekly low and the weekly high.
Over the period of the last 7 days, September 16 to September 22, Decimal saw its average trading volume fluctuate between $330 454 and $245 715. Over the week that came before the analyzed time span, the average trading volume of DEL ranged between $236 576 and $435 916. Percentage-wise, the trading volume of the asset changed by 2%, in comparison to the previous period, while its price experienced a 12% adjustment.
Decimal had its total market capitalization change from $109 729 053 on September 16 to $106 034 378 on September 22, the end of the examined time frame. The percentage change in the total market capitalization of DEL amounted to 3%. The said 3% percentage change in market capitalization of the coin was accompanied by the 12% fluctuation in the price of the underlying asset. Decimal ’s market capitalization from the week before changed by 10%, as the result of fluctuation between $99 247 066 and $109 729 053, to give a clearer vision of the current state of the market.