September 12 - September 18 market watch: Divi goes up by 51% as buying pressure persists.
The analysis of last week’s price action shows that the Divi market is in the bullish phase since the price has been moving upward. DIVI has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the growth of market capitalization. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The unfolding situation in the Divi market suggests that the reviewed digital asset is in the stage of mild volatility. During the reviewed period, the volatility of DIVI was in the middle register, averaging at 18%. The largest volatility for the given period occurred on September 12 and amounted to 23.84%. The asset's volatility was at its lowest on September 16 when it dropped to 2.24%. 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.
The trading session on September 12 started with Divi opening at $0.02 on the backdrop of bullish sentiment throughout the market. The first day of price action was marked by the 3% move to the upside from the point where the trading session opened. On September 13, the price of the coin has shifted by 12% from the daily open on the back of a good trading volume. The bulls dominated the price action during the following trading period as the price drifted 7% to the upside, having established the low for the reviewed time frame at $0.02, while the high was recorded at $0.02. DIVI ’s performance during September 15 was the following: the price increased by 4% in conjunction with the acceptable trading volume. The price oscillation of Divi on September 16 was in the $0.02 - $0.03 range; at the same time, the price stretched out to reach the 24H low at $0.02 and the 24H high at $0.026. The price action on September 17 saw the crypto coin moving along the following route: starting point at $0.03 and closing point at $0.02, while it also deviated to establish the high of the day at $0.025 and the low of the day at $0.024. On the last day of the reviewed period, the coin was locked between $0.02 and $0.02, though the price managed to puncture these levels to reach the 24H high at $0.025 and the 24H low at $0.024. The highest point of the price action over the week was at $0.03 - the weekly low during the same period was established at $0.02. The price action on the weekly time frame made Divi within the 51% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.008.
In the period September 12 - September 18, the trading volume of Divi went from $158 656 on the first day of the reviewed period to $205 992 on the closing day. We can draw the comparison with the period of 7 days that preceded the reviewed one when DIVI ’s trading volume varied from $146 096 to $253 182. The asset demonstrated an 50% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 51%.
The change in the total market capitalization of Divi from September 12 to September 18 was as follows: on September 12, the capitalization was at $49 229 385, while on September 18, it reached the level of $75 230 538. Percentage-wise, the market capitalization of DIVI has shifted by 53% in the past week. The price of the coin changed by 51% on the back of the 53% 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 5% on the back of the move from $49 957 420 to $47 569 284.