Divi exploded by 12% in the period of September 6 - September 12 as the buyers got an upper hand.
The behavior of Divi last week was characterized by the occurrence of upswings. DIVI was caught in a period of low volatility, which was reflected in its price action. The asset saw its market capitalization growing over the reviewed period together with its price. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
According to our market analysis, the weak price movement of Divi was dictated by low volatility. Our data shows that the average volatility of DIVI didn't exceed 1%, which is why its price remained constrained. In the period between September 6 and September 12, the volatility of the coin peaked at 1%. The weakest volatility level of 1% on the asset's market was registered on September 11. The low volatility of 1% means that the crypto coin is weak and incapable of any sizable price swings.
The first day of price action was marked by the 2% move to the upside from the point where the trading session opened. September 7 saw the coin going another 4% since the open, supported by the corresponding trading volume. During the following trading period on September 8, the price of Divi oscillated between the low at $0.014 and the high at $0.015, while the price moved down by 1%. Over the next trading period (on September 9), DIVI was moving up by 3% on the back of a congruous trading volume. The price range of Divi on September 10 formed between $0.02 and $0.02, whereas the daily price extremities were $0.0151 and $0.0157. While the 24H high and low on September 11 were at $0.016 and $0.015, respectively, the crypto coin had been traded in the area between the open at $0.02 and the close at $0.02. The coin found the deepest trough (24H low) at $0.016 on September 12 and then exploded to the ceiling (24H high) at $0.017; the price range for that day was between $0.02 and $0.02. The highest point of the price action over the week was at $0.017 - the weekly low during the same period was established at $0.014. The difference between the lowest and the highest price points for the week was 12%, as the price moved in the $0.002 wide corridor.
In the period September 6 - September 12, the trading volume of Divi went from $253 182 on the first day of the reviewed period to $158 656 on the closing day. In order to have a better grasp of the DIVI 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 $157 294 to $275 076. The 12% 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 12%.
The total capitalization of Bitcoin at the start of the analyzed time period (September 6) amounted to $44 395 453; by the end of that period (September 12), the capitalization went to $49 229 385. DIVI experienced a 11% change in total market capitalization throughout the past seven days. The said 11% percentage change in market capitalization of the coin was accompanied by the 12% fluctuation in the price of the underlying asset. Divi ’s market capitalization from the week before changed by 9%, as the result of fluctuation between $45 656 345 and $44 395 453, to give a clearer vision of the current state of the market.