Market analysis September 9 - September 15 : Divi posts a 32% rally.
Divi has been bullish last week as its price has been predominantly rising. The situation on the DIVI market shows that the underlying asset is currently experiencing a period of medium volatility. The price action on the coin's market translated to the growth of market capitalization. The price action of the crypto coin last week took place on the back of increased trading volume.
The situation on the Divi market allows us to characterise its volatility as mild. We established that DIVI didn't showcase any significant price action due to the market's mild average volatility of 9%. The highest point of the coin's volatility reached 12.01% in the analyzed time frame. The price of the asset had fluctuated the least on September 13, when the volatility plummeted to 2.19%. The crypto coin's market didn't put up any surprises due to mild average volatility of 9%.
The first day of price action was marked by the 3% move to the upside from the point where the trading session opened. The coin market was down by 3% on September 10, the second day of the reviewed time period. 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 DIVI market was up as the price shifted by 3% on September 12, against the backdrop of the sufficient trading volume. September 13 kicked off with Divi trading opening at $0.02 and then closing the session at $0.02, establishing the 24H low at $0.02 and 24H high at $0.02 in the process. On September 14, the crypto coin showcased the following price fluctuations: the trading session began at $0.02 and then traveled from the low of the day at $0.02 to the high of the day at $0.02, closing at $0.02. Most trading activity on September 15 occurred in the space between $0.02 and $0.02; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.02, though the bulls had also staged the rally to the 24H high at $0.02. The highest point of the price action over the week was at $0.02 - the weekly low during the same period was established at $0.01. Traders saw Divi covering the $0.005 distance between the weekly low and the weekly high, which constituted for a 32% move.
Over the period of the last 7 days, September 9 to September 15, Divi saw its average trading volume fluctuate between $154 500 and $268 879. We can draw the comparison with the period of 7 days that preceded the reviewed one when DIVI ’s trading volume varied from $154 389 to $275 076. The 1% 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 32%.
Divi had its total market capitalization change from $45 031 555 on September 9 to $60 163 372 on September 15, the end of the examined time frame. The percentage change in the total market capitalization of DIVI amounted to 34%. The price of the coin changed by 32% on the back of the 34% shift in its total market capitalization. A more precise analysis of the Divi market also requires a comparison with the change in market capitalization from the week before, which amounted to 1% on the back of the move from $45 282 890 to $44 785 006.