Market analysis September 7 - September 13 : Divi posts a 23% rally.
Between September 7 - September 13, Divi has been mostly bullish as its price has been in the rising mode. The volatility associated with the DIVI market was medium, as were its price fluctuations. There has been a rise in the market capitalization of the asset during the period under review. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
The price action of Divi has been contained due to modest volatility. The market analysis reveals that the mild average volatility of 9% restrained DIVI 's price swings. The most significant volatility occurred on September 7 and reached 12.01%. 1% was the rock bottom for the asset's volatility that was reached on September 11. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 9%.
During the opening day on September 7, DIVI has had a 4% move to the upside. September 8 saw the coin going another 1% since the open, supported by the corresponding trading volume. During the next trading day, the rate of change in the price of Divi stood at 3% having reached the low at $0.015 and the high at $0.016 as the advantage remained on the side of buyers. The trading volume on September 10 rendered support to the 3% bearish move of DIVI. September 11 kicked off with Divi trading opening at $0.02 and then closing the session at $0.02, establishing the 24H low at $0.015 and 24H high at $0.016 in the process. The trading period on September 12 saw the crypto coin forming the price amplitude between the open at $0.02 and the close at $0.02, also interacting with $0.016 (24H low) and $0.016 (24H high). September 13 presented us with the following price action data: the coin opened the period at $0.02 and went on to establish the low at $0.02 and the high of the day at $0.02 before closing the day at $0.02. $0.01 was the bottom of price action for the week, though the price went to the high extreme at $0.02 over the same time period. The difference between the lowest and the highest price points for the week was 23%, 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 $231 455 on September 7 to $164 746 on September 13. Over the week that came before the analyzed time span, the average trading volume of DIVI ranged between $157 294 and $275 076. Percentage-wise, the trading volume of the asset changed by 22%, in comparison to the previous period, while its price experienced a 23% adjustment.
The total market capitalization of Divi during the past 7-day oscillated between $44 153 423, the starting point that was established on September 7, and $51 112 878 on September 13, the end date of the reviewed period. The percentage change in the total market capitalization of DIVI amounted to 16%. When compared to the price fluctuations during the observed period of time, the 16% market capitalization movement was accompanied by a 23% change in the price of the coin. The comparison with the Divi market capitalization seen during the time period August 31 - September 6 that occurred before the observed one, which changed by 2%, from $45 455 733 to $44 395 453, allows us to get a clearer understanding of current market conditions.